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Qualified Legal Opinion

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Qualified Legal Opinion

A contingent confirmation regarding the legality of a new municipal bond issue. If there is a lawsuit to block a new municipal bond issue, the bond counsel will examine the situation. If the counsel concludes that there may be a premise for the suit, a qualified Opinion is issued that expresses their doubt as to the result of the lawsuit. A non-qualified Opinion has no uncertainty concerning the new issue.

Contributors: supervisor	Created by supervisor, 11-19-2011 at 06:31 am Last edited by supervisor, 11-19-2011 at 06:31 am 0 Comments, 44 Views
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