llcs-corporations-partnerships

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Definition

See Articles of Incorporation

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Definition

A corporate opportunity refers to any business opportunity that may benefit a corporation. The corporate opportunity doctrine governs the legal responsibility of directors, officers and controlling shareholders in a corporation, under the...

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Definition

See Raider.

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Definition

A written legal document, issued by the board of directors of a corporation, documenting a binding decision made on behalf of the corporation. The corporate resolution will be adopted at a board meeting, and can be found in the minutes of the...

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Definition

See Takeover.

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Definition

An entity created in accordance with legal rules that acts as a single (fictional) person. A corporation may sue and be sued, lend, borrow, issue stock, exist indefinitely, and act in many other ways distinct from the shareholders who own it...

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Definition

An option contract where the seller actually owns the underlying shares at the time of contract.

See alsoOptionNaked option
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Definition

Also known as "accumulation voting" and "weighted voting"; a semi-proportional system of voting that gives minority shareholders the opportunity to exercise corporate power by allowing them to allocate all of their votes as they wish to one...

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Definition

An action taken without strict legal authority to do so, but recognized as legally valid nonetheless.

See De Facto Corporation

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Definition

Legal recognition of a corporation, even if the articles of incorporation for a corporation are not properly filed. To be granted de facto corporation status, there must be: a relevant incorporation statute, a good faith attempt to comply...

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