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It should be exercised if necessary in order not to entirely ignore and disregard the rights of said minority stockholders, especially when said minority stockholders are unable to obtain redress and protection of their rights within the corporation itself. Debt is not. bonds - long term debt secured by company assets, if unable to pay debt creditors have the right to assets such as accounts receivable or inventory debentures - long term unsecured debt - if company cannot meet obligations creditors have right to assets, accounts receivable and inventory notes: short-term debt payable within 5 years, may be secured or unsecured ideas are not successful, company fails.
Pages: 176
Publisher: Croner CCH Group Ltd (June 1991)
ISBN: 0863252621
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Thereafter, there shall be at least one meeting of members each year. Annual and special membership meetings shall be governed by the corporation's bylaws. The bylaws shall provide for the giving of notice to members of each meeting of the corporation. For all meetings of the corporation, notice as provided in this section need not be given to members or other stockholders to whom the notice may be required by this chapter if a written waiver of the notice is executed before or after the meeting by each individual and is filed with the records of the meeting. (a) Records requirement.--A corporation shall keep at its registered office or principal place of business a record of the proceedings of the members and of the directors and the original or a copy of its bylaws, including amendments to date, certified by the secretary of the corporation, and shall keep at its registered office or principal place of business or at the office of its transfer agent or registrar a share register giving the names of the members, their respective addresses and the number and classes of shares held by each NASAA Franchise Resource Guide NASAA Franchise Resource Guide. Under mandatory disclosure, companies might choose to avoid conflict by funding established, uncontroversial nonprofit organizations rather than innovative and potentially controversial ones. Overall, companies with business-driven philanthropy programs have more compelling reasons to keep charitable contributions private, but, antithetically, the failure to disclose these contributions is perceived as a signal that the company is concealing self-serving behavior by its executives , source: Directors And Officers download here http://zadaeg.com/ebooks/directors-and-officers-liability. Application and effect of chapter. (a) General rule.--This chapter shall be applicable to a business corporation that is a domestic insurance corporation. (b) Application to business corporations generally.--The existence of a provision of this chapter shall not of itself create any implication that a contrary or different rule of law is or would be applicable to a business corporation that is not an insurance corporation ref.: Myanmar Company Laws and download pdf http://ban61.wanhuabanye.com/library/myanmar-company-laws-and-regulations-handbook-world-law-business-library.
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