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Limitations on asbestos-related liabilities relating to certain mergers or consolidations. § 1932. Establishing, Relocating, and Closing Offices ........ 28320 CHAPTER 6. At these meetings, each member gets one vote per share unless, as explained above, some shares have been issued with special or no voting rights. Obligations and rights within certified territory; new electric-consuming facilities. 7358. How did a self-governing people let this come to pass? Duke University School of Law publishes a detailed and useful study guide to the UCC.
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If a corporation has declared a cash dividend or distribution on any shares and has mailed to a shareholder at his address appearing on the records of the corporation a valid check in the amount of the dividend or distribution to which such shareholder is entitled, and such check would have been honored if duly presented to the bank on which it is drawn, no action for the recovery of such dividend or distribution or the amount thereof shall be brought by the shareholder or other person entitled to such dividend or distribution more than six years after the date of mailing the check. (A) A corporation by its directors may purchase shares of any class issued by it, in any of the following instances: (1) When the articles authorize the redemption of such shares and do not prohibit such purchase; (2) To collect or compromise a debt, claim, or controversy in good faith; (3) From a subscriber whose shares have not been paid for in full, or in settlement or compromise of a subscription; (4) For offering and sale, or the grant of options with respect thereto, to any or all of the employees of the corporation or of subsidiary corporations or to a trustee on their behalf, under any plan adopted or to be adopted by the directors for that purpose; (5) From a person who has purchased such shares from the corporation under an agreement reserving to the corporation the right to repurchase or obligating it to repurchase; (6) To avoid the issuance of or to eliminate fractional shares; (7) When the articles in substance provide that the corporation shall have a right to repurchase if and when any shareholder desires to, or on the happening of any event is required to, sell such shares; (8) From a shareholder who by reason of dissent is entitled to be paid the fair cash value of his shares; (9) When authorized by the shareholders at a meeting called for such purpose, by the affirmative vote of the holders of two-thirds of the shares of each class, regardless of limitations or restrictions in the articles on the voting rights of the shares of any such class, or if the articles so provide or permit, a greater or lesser proportion, but not less than a majority, of the shares of any class; (10) When authorized by the articles or by such vote or consent of holders of such proportion of shares, though less than a majority, of any one or more classes as is provided in the articles. (B) A corporation shall not purchase its own shares except as provided in this section, nor shall a corporation purchase or redeem its own shares if immediately thereafter its assets would be less than its liabilities plus its stated capital, if any, or if the corporation is insolvent, or if there is reasonable ground to believe that by such purchase or redemption it would be rendered insolvent. (C) Shares issued by a corporation which owns or controls shares entitling it to elect a majority of the directors of another corporation may be purchased by such last mentioned corporation only when and if such shares could be purchased by the issuing corporation pursuant to division (A)(9) or (10) of this section. (A) Whenever convertible shares are converted into shares of another class, the shares surrendered upon such conversion shall be deemed retired and shall not be reissued as convertible shares. (B) Whenever redeemable shares are redeemed, purchased, or otherwise acquired by the corporation, such shares shall be deemed retired. (C) Shares released from subscription shall be deemed retired. (D) Unless otherwise provided in the articles, the directors may retire treasury shares. 1701.37 Corporation to keep books and records of account, minutes of proceedings and records of shareholders. (A) Each corporation shall keep correct and complete books and records of account, together with minutes of the proceedings of its incorporators, shareholders, directors, and committees of the directors, and records of its shareholders showing their names and addresses and the number and class of shares issued or transferred of record to or by them from time to time. (B) Upon request of any shareholder at any meeting of shareholders, there shall be produced at such meeting an alphabetically arranged list, or classified lists, of the shareholders of record as of the applicable record date, who are entitled to vote, showing their respective addresses and the number and class of shares held by each Jamaica Company Laws and read here http://tzonev.eu/library/jamaica-company-laws-and-regulations-handbook-strategic-information-and-basic-laws-world-business.
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download epub. Valeo, the Supreme Court ruled that the Appointments Clause {328} does not allow the legislative branch to usurp for itself the President's appointing authority. {329} Buckley also made clear that the Court was prepared to declare void all actions by an agency headed by an invalidly[ *609] appointed official, {330} a point reiterated in Bowsher. {331} Article II of the Constitution provides the only alternatives to presidential appointment by authorizing Congress to vest the appointment of "inferior Officers in the President alone, in the Courts of Law, or in the Heads of Departments." {332} The Supreme Court also upheld the judicial appointment of a special prosecutor, whom the Court described as an "inferior officer." {333} If a corporation is a public body like an agency, its top officials must be officers of the United States, or at least inferior officers of the United States appointed in the manner set out in Article II , source: Understanding Corporate Law -- Second 2nd Edition
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