corporations

Corporate officers are the individuals responsible for managing a corporation’s daily operations. They are appointed by the board of directors.

Corporate opportunity is a doctrine within fiduciary duty law that prohibits senior executives and directors from diverting business opportunities that belong to the corporation for their own personal 

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Corporate raider refers to the practice of obtaining a controlling share of a corporation, then proceeding to sell off that company’s assets or force a merger with another company. The proceeds of any sold assets are subsequently divided among the shareholders.

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Corporate resolution (also known as a board resolution) is a written legal document issued by the board of directors of a corporation documenting a binding decision made on behalf of the corporation.

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A corporate takeover occurs when the controlling interest in a corporation shifts from one party to another. Corporate takeovers are categorized as either hostile or friendly depending on whether the management of the company being taken over is a willing participant or not. 

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A corporate trustee is a bank, trust company, or investment firm that is appointed to administer a trust. Individuals often select corporate trustees for their professional expertise, resources, and continuity, which family members or friends may lack.

A corporation is an entity that acts as a single, fictional person. Much like an actual person, a corporation may sue, be sued, lend, and borrow. Additionally, a company which has been incorporated can easily transfer ownership through stock sales and exist indefinitely.  

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Corporations are entities that act as a single, fictional person. Much like an actual person, a corporation may sue, be sued, lend, and borrow. Additionally, a company which has been incorporated can easily transfer ownership through stock sales and exist indefinitely.  

Corporeal is a thing that has a physical existence and is capable of being seen and touched. In a legal context, “corporeal” is used primarily in the context of property. The state of Louisiana has a statute that defines corporeal and incorporeal.

Cumulative voting refers to any voting structure where individuals can pool their votes together for certain candidates. For example, if a corporate executive has a single vote for each of seven director seats being voted for, cumulative voting would allow the executive to use all seven votes in a single director election. This can allow minority voting classes to achieve some election success by pooling all of their votes into a single election or a couple elections.

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