Last year Butler Inc. entered into an agreement with Parker Partners, an investment bank. It has been a year since Butler first registered its shares, but the firm still hasn’t gone public. Butler plans to go through with its security issuance in a couple of months. This is an example of:

Shelf Registration

Explanation:

Shelf Registration  -

It is a type to register into the new stock offerings .

It refers to the type of public share offerings , where the person is capable to sell or offer the securities to the public , without the issue of any prospectus , is referred to as shelf registration .

The issuer has the right to sell the shares within a time frame of two years , where no separate permission is required .

Hence , from the given scenario of the question ,

The correct term is Shelf Registration  .

c. reserves power to the states and people

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