EX-5.02 3 f68926ex5-02.txt EXHIBIT 5.02 1 PILLSBURY WINTHROP LLP ONE BATTERY PARK PLAZA NEW YORK, NEW YORK 10004-1490 212.858.1000 F:212.858.1500 EXHIBIT 5.02 January 30, 2001 Intuit Inc. 2535 Garcia Avenue Mountain View, California 94043 Ladies and Gentlemen: We have acted as special New York counsel for Intuit Inc., a Delaware corporation (the "Company"), in connection with the filing by the Company on the date hereof with the Securities and Exchange Commission (the "Commission") of a Registration Statement on Form S-3 (the "Registration Statement") with respect to the issuance from time to time pursuant to Rule 415 under the Securities Act of 1933 (the "Securities Act") of an aggregate public offering price of up to $500,000,000 (or the equivalent in one or more other currencies) of the Company's (i) debt securities (the "Debt Securities"), (ii) shares of its preferred stock, $0.01 par value, and (iii) shares of its common stock, $0.01 par value, including related preferred stock purchase rights. The Debt Securities may be either senior debt securities (the "Senior Debt Securities") or subordinated debt securities (the "Subordinated Debt Securities"). The Senior Debt Securities are to be issued pursuant to a Senior Indenture (the "Senior Indenture"), to be entered into between the Company and the trustee named in the Senior Indenture. The Subordinated Debt Securities are to be issued pursuant to a Subordinated Indenture (the "Subordinated Indenture"), to be entered into between the Company and Chase Manhattan Bank and Trust Company, National Association, as trustee. In so acting, we have reviewed the form of the Senior Indenture filed as Exhibit 4.01 to the Registration Statement, the form of Senior Debt Security included therein, the form of the Subordinated Indenture filed as Exhibit 4.02 to the Registration Statement, and the form of Subordinated Debt Security included therein. In connection with the foregoing, we have made such other inquiries and investigations of law as we have deemed necessary or appropriate as a basis for this opinion. In such review, we have assumed the genuineness of all signatures, the legal capacity of natural persons, the conformity to the original documents of all documents submitted to us as certified or photostatic copies, and the authenticity of all such documents and all documents submitted to us as original documents. As to questions of fact material to this opinion, we have relied upon our review of the documents referred to above and to the accuracy and completeness of the information set forth in the Registration Statement. We have undertaken no independent investigation or verification of factual matters related to this opinion. Based upon the foregoing and on the assumptions, and subject to the qualifications, set forth herein, we are of the opinion that: 2 1. Assuming (i) the applicable provisions of the Securities Act, the Trust Indenture Act of 1939 (the "Trust Indenture Act"), and the securities or "blue sky" laws of various states shall have been complied with, (ii) the Senior Indenture, including any supplemental indenture thereto under which any Senior Debt Securities will be issued, shall have been duly authorized, executed and delivered by the parties thereto, (iii) the terms of such Senior Debt Securities shall have been established in accordance with (a) the Senior Indenture, as supplemented by any such supplemental indenture, and (b) the resolutions of the Board of Directors of the Company authorizing the creation, issuance and sale of such Senior Debt Securities, and (iv) such Senior Debt Securities shall have been duly authorized, executed and authenticated in accordance with the terms of the Senior Indenture and delivered against the consideration therefor to be set forth in the supplement or supplements to the prospectus constituting a part of the Registration Statement, such Senior Debt Securities will be legal, valid and binding obligations of the Company enforceable against the Company in accordance with their terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and other similar laws of general application relating to or affecting creditors' rights, by general principles of equity (regardless of whether considered in a proceeding at law or in equity), and by an implied covenant of good faith, fair dealing and reasonableness, and such Senior Debt Securities will be entitled to the benefits of the Senior Indenture. 2. Assuming (i) the applicable provisions of the Securities Act, the Trust Indenture Act and the securities or "blue sky" laws of various states shall have been complied with, (ii) the Subordinated Indenture, including any supplemental indenture thereto under which any Subordinated Debt Securities will be issued, shall have been duly authorized, executed and delivered by the parties thereto, (iii) the terms of such Subordinated Debt Securities shall have been established in accordance with (a) the Subordinated Indenture, as supplemented by any such supplemental indenture, and (b) the resolutions of the Board of Directors of the Company authorizing the creation, issuance and sale of such Subordinated Debt Securities, and (iv) such Subordinated Debt Securities shall have been duly authorized, executed and authenticated in accordance with the terms of the Subordinated Indenture and delivered against the consideration therefor to be set forth in the supplement or supplements to the prospectus constituting a part of the Registration Statement, such Subordinated Debt Securities will be legal, valid and binding obligations of the Company enforceable against the Company in accordance with their terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and other similar laws of general application relating to or affecting creditors' rights, by general principles of equity (regardless of whether considered in a proceeding at law or in equity), and by an implied covenant of good faith, fair dealing and reasonableness, and such Subordinated Debt Securities will be entitled to the benefits of the Subordinated Indenture. We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the reference to this firm under the heading "Legal Matters" in the prospectus constituting a part of the Registration Statement. In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission thereunder. Very truly yours, /s/ Pillsbury Winthrop LLP