corporations

Quo warranto is Latin for "by what warrant” (or authority). A writ of quo warranto is a common law remedy which is used to challenge a person's right to hold a public or corporate office.

A quorum is the minimum number of members of a group or committee required to be in attendance in order for that group to be able to take official action. The members must be present to count towards the quorum. If the quorum is not met, the group cannot legally take any action besides declaring the quorum was not met and seeking a quorum in the future. 

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Regulation S-K is a Securities and Exchange Commission (SEC) regulation that outlines how registrants should disclose material qualitative descriptors of their business on registration statements, periodic reports, and any other filings.

A resolution is a formal statement of opinion or a decision to take an action. 

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Risk factors refer to Item 105 of Regulation S-K which requires the registrant’s management to discuss material risks to the registrant’s operations. Item 105 requires that the registrant write their risk factors in plain English and organize them logically with relevant headings.

Rollover means to extend a particular financial agreement.

S corporations are corporations that are taxed on a "flow -through" basis. This means that tax liabilities from income (or deductions from losses) are passed onto the corporations' shareholders to be declared individually.

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A share is a specific portion of money or other capital.

A shareholder is a person who owns stock in a corporation.

[Last reviewed in June of 2024 by the Wex Definitions Team]

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A shareholder derivative suit, or a stockholder’s derivative action, or is a lawsuit filed by a shareholder on behalf of the corporation against directors, officers, or