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After many months of "vetting" the applicants, most were paying cash, one already had a loan commitment and one never got to finalization. First, I want to point out that observing corporate formalities is important even for one-person corporations. Directors' action disclaiming the corporation's interest in the opportunity is taken in compliance with the procedures set forth in subdivision A 1 of § 13.1-871, as if the decision being made concerned a director's conflict of interests transaction; or 2.
Pages: 0
Publisher: Aspen Law & Business; 2nd/Rngbnd edition (October 1994)
ISBN: 0133495809
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At the request of ___________ ( _____%) percent of the members of the Board of Directors or ___________ ( _____%) percent of the members of the organization, the president shall cause a special meeting to be called but such request must be made in writing at least ten (10) days before the requested scheduled date Minority Shareholders' Rights download here http://old.gorvestnik.ru/library/minority-shareholders-rights. Since stockholders own the shares of stock, they may dispose of the same as they see fit. They may not, however, transfer or assign the property of a corporation, like its franchise , cited: Dissolving the Family Company http://old.gorvestnik.ru/library/dissolving-the-family-company. The right so obtained may be transferred by the applicant or other holder thereof by the filing in the office of the secretary of state of a written transfer, on a form prescribed by the secretary of state, stating the name and address of the transferee. (8) Restrictions on the issuance of shares; (9) Rights of alteration of express terms; (10) The division of any class of shares into series; (11) The designation and authorized number of shares of each series; (12) The right of the directors, subject to any limitations that may be stated, to adopt amendments to the articles determining, in whole or in part, the express terms, within the limits set forth in this chapter, of any class of shares before the issuance of any shares of that class, or of one or more series within a class before the issuance of any shares of that series; (13) Any other relative, participating, optional, or other special rights and privileges of, and qualifications or restrictions on, the rights of holders of shares of any class or series. (B) Each series of a class shall be given a distinguishing designation , cited: Acquisitions 2009 http://old.gorvestnik.ru/library/acquisitions-2009. This chapter shall not affect or impair the disciplinary powers of the court, department, board, commission or other government unit over licensed persons or any law, rule or regulation pertaining to the standards for professional conduct of licensed persons or to the professional relationship between any licensed person rendering professional services and the person receiving professional services. 2001 Amendment Law of Agency and Partnership (Hornbook) Law of Agency and Partnership (Hornbook).
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To eliminate fractional shares arising out of stock dividends; 2. To collect or compromise an indebtedness to the corporation, arising out of unpaid subscription, in a delinquency sale, and to purchase delinquent shares sold during said sale; and 3 ref.: Farnsworth on Contracts
download pdf. In addition, a Certificate of Good Standing from the appropriate Appellate Division or a Certificate of Authority (Form PLS709) under seal from the New York State Department of Education, Division of Professional Licensing Services, Corporations Unit, 89 Washington Avenue, 2nd Floor, Albany, NY 12234, must be submitted with the Application for Authority download. Determine what tax and other regulatory obligations the corporation has, and take care of any necessary registrations , cited: Cases and Materials on read here
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civic.cet.ac.il. All references in this paragraph to a director shall also be deemed to refer to such other person or persons, if any, who, pursuant to a provision of the certificate of incorporation in accordance with § 141(a) of this title, exercise or perform any of the powers or duties otherwise conferred or imposed upon the board of directors by this title. (c) It shall not be necessary to set forth in the certificate of incorporation any of the powers conferred on corporations by this chapter. (d) Except for provisions included pursuant to paragraphs (a)(1), (a)(2), (a)(5), (a)(6), (b)(2), (b)(5), (b)(7) of this section, and provisions included pursuant to paragraph (a)(4) of this section specifying the classes, number of shares, and par value of shares a corporation other than a nonstock corporation is authorized to issue, any provision of the certificate of incorporation may be made dependent upon facts ascertainable outside such instrument, provided that the manner in which such facts shall operate upon the provision is clearly and explicitly set forth therein download.
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download online. General powers and liabilities of general partners. 8534. Contributions by a general partner. § 8531. Admission of additional general partners. (a) General rule.--After the filing of the original certificate of limited partnership, additional general partners may be admitted as provided in writing in the partnership agreement or, if the partnership agreement does not provide in writing for the admission of additional general partners, with the written consent of all general partners and a majority in interest of the limited partners. (a) General rule.--A person ceases to be a general partner of a limited partnership upon the happening of any of the following events: (3) The general partner is removed as a general partner in accordance with the partnership agreement. (4) Except as otherwise provided in writing in the partnership agreement, the general partner: (i) makes an assignment for the benefit of creditors; (ii) files a voluntary petition in bankruptcy; (iii) is adjudicated a bankrupt or insolvent; (iv) files an application or answer seeking for himself any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any statute, law or regulation; (vi) seeks, consents to or acquiesces in the appointment of a trustee, receiver or liquidator of the general partner or of all or any substantial part of his properties. (5) Except as otherwise provided in writing in the partnership agreement, if, within 120 days after the commencement of any proceeding against the general partner seeking reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any statute, law or regulation, the proceeding has not been dismissed or if, within 90 days after the appointment without his consent or acquiescence of a trustee, receiver or liquidator of the general partner or of all or any substantial part of his properties, the appointment is not vacated or stayed or within 90 days after the expiration of any such stay the appointment is not vacated. (6) In the case of a general partner who is a natural person: (ii) the entry of an order by a court of competent jurisdiction adjudicating him incompetent to manage his person or his estate. (7) Except as otherwise provided in the partnership agreement, in the case of a general partner who is acting as a general partner by virtue of being a trustee of a trust, the termination of the trust (but not merely the substitution of a new trustee). (8) In the case of a general partner that is a separate partnership, the dissolution and commencement of winding up of the separate partnership. (9) In the case of a general partner that is a corporation, the filing of articles of dissolution or their equivalent for the corporation or the revocation of its charter. (10) Except as otherwise provided in the partnership agreement, in the case of an estate, the distribution by the fiduciary of the entire interest of the estate in the partnership. (11) In the case of a general partner in a registered investment company, the failure of the partner to be reelected in accordance with the partnership agreement , cited: The First Amendment and the Business Corporation
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