Saunders & Brown, Plc

Description

Saunders & Brown, PLC is a full service law firm for today's businesses. From the drafting of simple contracts to the handling of complex commercial litigation, we are able to serve your needs in an efficient manner. Before you dismiss that statement as having an all too familiar ring, check out the qualifications and experience of our lawyers. Our size assures you of both cost effectiveness and personal service. We welcome the opportunity to discuss with you how we may be able to serve your needs or those of your business.

Frank E. (Gene) Brown, Jr. has practiced law in Northern Virginia for over 40 years, concentrating in the areas of commercial transactions and commercial litigation. In recognition of his contributions in the field of commercial law, Mr. Brown was elected to the Board of Governors of the Business Law Section of the Virginia State Bar, a position he held for six years. He served one year as Vice-Chair of the Section and subsequently completed a two year term as Chair. He is often asked to appear as an expert witness in cases involving commercial issues, particularly those involving the Uniform Commercial Code.

Mr. Brown has extensive experience in commercial leasing, having drafted and enforced leases on behalf of landlords with such nationally recognized tenants as Allegiance Health Care Systems, MedSurg Industries, Qwest Communications, and Simplex Time Recorders. His leasing practice is not confined to landlords, and Mr. Brown often reviews and negotiates commercial leases on behalf of tenants.

The “law of stock holdings”, as it were, is found in Article 8 of the Uniform Commercial Code—“Investment Securities”. The original version of Article 8 was based on the assumption that possession and delivery of physical certificates are the key elements in the securities holding and trading system. The traditional certificate-based system of transfers was a complicated, labor-intensive process that reached crisis proportions in the late 1960's. So in 1978, Article 8 was amended to provide for "uncertificated" securities. However, the system contemplated by these amendments differed from the traditional system only in that ownership of securities would not be evidenced by physical certificates. Changes in ownership would continue to be reflected by changes in the records of the issuer, but instead of surrendering an endorsed certificate for registration of a transfer, an instruction would be sent to the issuer directing it to register the transfer.

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