Sept 2024

NON-COMPETE... from page 27.

The only exception to the rule is for non-competes entered into in connec tion with the sale of a business. On July 3, 2024, in the case Ryan, LLC v. FTC the U.S. District Court for the Eastern District of Texas issued an injunction prohibiting the enforcement of the ruling against the Plaintiffs in that case and determined that the plaintiffs would likely be able to estab lish that the FTC did not have authority to establish the rule, and that the rule was arbitrary and capricious. That court has indicated that it will determine whether a nationwide injunction against the rule should issue by August 30, 2024. n

Talk to us about your association’s financial needs. We can help.

ATTENTION ALL CAI-NJ SEMINAR ATTENDEES:

Popular Association Banking exclusively serves the community association industry. We offer: • Financing for building repairs and capital improvements. 1 • Competitive fixed rates with terms up to 15 years. • Access to multi-million-dollar FDIC deposit insurance coverage with ICS® and CDARS®. 2

Please remember to keep your seminar completion certificates in a safe place. These certificates are distributed at the end of each CAI-NJ seminar. This is proof that you attended and completed the seminar. You may need to reference the certificate in the future and CAI-NJ does not keep track of each member’s attendance record. Community manag ers will definitely need the certificates to obtain credit for continuing educa tion towards their designations.

Contact our Mid-Atlantic Relationship Officer today! David Shahrabani, VP 917.656.1156 Toll-free: 800.233.7164 DShahrabani@popular.com

www.popularassociationbanking.com

1. Subject to credit approval. 2. Terms and conditions apply. CDARS and ICS are registered service marks of IntraFi Network LLC. © 2024 Popular Bank. Member FDIC.

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SEPTEMBER 2024