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LEGITIMATE CORPORATE PURPOSE; such as but not limited to: 1. to eliminate fractional shares arising out of stock dividends 2. t o c o l l e c t o r c o mp r o mi s e a n indebtedness to the corp arising out of unpaid subscription in a delinquency sale and to purchase delinquent shares sold during the sale. 3. to pay dissenting or withdrawing shs entitled to payment of their shares I NVEST CORPORATE FUNDS I N ANOTHER CORP OR FOR PURPOSES OTHER THAN THE PRIMARY PURPOSE REQUIREMENTS 1. approved by a majority of the board of directors or trustees 2. ratified by the stockholders representing at least 2/3 of the OCS, or by at least 2/3 of the members in the case of non- stock corporations, at a stockholder's or member's meeting duly called for the purpose. 3.
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Publisher: West Publishing Company (1985)
ISBN: B000Z0YU06
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