Nehemiah Corporation of America
Nehemiah Corporation of America is a non-profit organization based in Sacramento, California specializing in homeownership, affordable housing and community development. It started in 1994 as a small organization, but grew to prominence later in the 1990s after it developed a program that allowed home buyers to make down payments on their purchases using funds that were derived from the home sellers. This program, the Nehemiah Program, became popular and was widely emulated, giving birth to what came to be known as the seller-funded down-payment assistance industry. The industry attracted criticism from U.S. federal agencies (particularly the Government Accountability Office and the Internal Revenue Service) and was ultimately shut down in 2008 by a change in federal law.
North American Co. v. SEC
The North American Company, formed in 1890, was a holding company in a system that by 1940 contained 80 companies operating in seventeen states and the District of Columbia. These included the Union Electric Company, which operated an electric system around St. Louis, Missouri, and subsidiaries in Illinois and Iowa, the Washington Railway and Electric Company, and the North American Light and Power Company with systems in Kansas, Missouri, Illinois, and Iowa and its subsidiaries Cleveland Electric Illuminating Company, Pacific Gas and Electric, and Detroit Edison Company. In addition, North American also owned an investment trust company and West Kentucky Coal Company. Together the various electric systems served more than 3,000,000 customers in a service territory of 165,000 square miles.