World’s tiniest condos: Safety deposit boxes - Parallax Development Corporation | Official Website

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Mar 30, 2012

World’s tiniest condos: Safety deposit boxes

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The legal entities of the ownership of each of the properties may have different ownership structures and have different boards not least because of Joint Venture agreements and funding arrangements but one or more of the Executives are normally involved in each separate legal entity whether through direct/indirect share ownership and/or board representation. The different legal entities are not in partnership with one another nor held out as such and do not have any liability (save under specific contractual arrangements) for one another’s liabilities. None of these legal entities have any power, authority, or capacity to bind any other legal entity listed.