corporations

Corporate Takeover

Definition

See Takeover.

Corporate Trustee

Corporate trustees are departments at banks or other investment firms hired to build and manage a trust. People hire corporate trustees for their professional experience in trust matters that a family member or friend may not have. Corporate...

Corporation

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...

Corporations

corporations: an overview

A corporation is a legal entity created through the laws of its state of incorporation. Individual states have the power to promulgate laws relating to the creation, organization and dissolution of corporations. Many...

Corporeal

Corporeal is a thing that has a physical existence and is capable of being seen and touched. In reference to law, “corporeal” is used primarily in the context of property. Louisiana has a statute that defines corporeal and incorporeal. As per...

Cumulative Voting

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...

De Facto

Definition

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

See De Facto Corporation

De Facto Corporation

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...

De Jure Corporation

Definition

A business that has complied with all the requirements of its state incorporation statute and is legally allowed to do business as a corporation.

See alsoDe facto corporationCorporation

Debenture

A type of debt-creating instrument, such as a promissory note, that is not secured by a physical asset or other collateral. Companies and governments often rely on this type of instrument in order to secure capital.

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