Corporate Law

Multistate Corporate Tax Guide, ( 2012 Edition 2 volumes)

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In short, the election to be statutory close corporation in the State of South Carolina offers business owners greater freedom from corporate formalities and greater organizational flexibility than does a standard corporation. L.941, No.416), known as the Professional Association Act, which has not: An association may not be originally organized under this chapter. For information and to register, visit www.associationhelpnow.com. Institutions should limit any charitable contributions perceived to be managerial perquisites.
Corporate Law

Building ADR into the corporate law department: ADR systems

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In the case of the small business, most if not all of the company's profits are used to pay salaries and fringe benefits, which are deductible, and double taxation may be avoided because no money is left over for distributing dividends. DESIGNATION OF AGENT FOR SERVICE OF PROCESS ...... 18200-18220 CHAPTER 5. ELECTION OR APPOINTMENT OF BOARD OF DIRECTORS. Transfer of stock or death of an owner does not alter the corporation, which exists perpetually, regardless of owners, until it is dissolved.
Corporate Law

Corporate Governance and Corporate Lawyers - Company Laws in

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The partnership is bound to make good the loss: (1) Where one partner, acting within the scope of his apparent authority, receives money or property of a third person and misapplies it. (2) Where the partnership, in the course of its business, receives money or property of a third person and the money or property so received is misapplied by any partner while it is in the custody of the partnership. This has the same objectives as a pooling agreement, but in a voting trust, shareholders assign their voting rights to a trustee who votes on behalf of all the shares in the trust.
Corporate Law

European Corporate Law

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In such Chapter 11 reorganizations, the relationship between shareholders and corporate assets is not significantly affected. 154 On the other hand, it is possible for a Chapter 11 trustee to be appointed. 155 If appointed, the trustee can take control over the debtor's assets. 156 Nevertheless, the trustee may still proceed to operate the corporation pursuant to a confirmed plan without liquidating the corporate assets.
Corporate Law

Minority Shareholder Oppression

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If there is only one newspaper of general circulation published in a county, advertisements in that newspaper shall be sufficient. First, the federal government may charter private corporations. {86} Second, the presence of a minority of directors appointed by the President, or federal ownership of a minority of shares, does not necessarily make an otherwise private corporation an agency. Dianne Hobbs, Personal Liability of Directors of Federal Government Corporations, 30 CASE W.
Corporate Law

Corporate Finance, Mergers and Acquisitions 2002 (Legal

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There is no denying that generic legal documents will cost less than attorney drafted documents. S. dollars. 4/23/2015 - eCorp has arrived! eCorp is the new "face" of the Corporations Division entity database known as STARPAS. Written notice of the proposed investment and the time and place of the meeting shall be addressed to each stockholder or member at his place of residence as shown on the books of the corporation and deposited to the addressee in the post office with postage prepaid, or served personally: Provided, That any dissenting stockholder shall have appraisal right as provided in this Code: Provided, however, That where the investment by the corporation is reasonably necessary to accomplish its primary purpose as stated in the articles of incorporation, the approval of the stockholders or members shall not be necessary. (17 1/2a) Section 43.
Corporate Law

Cases and Materials on Nonprofit Organizations, 2004

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By contrast, the selection of even a fraction of the directors by private stockholders (or worse, members of Congress {340} ) may so violate the separation of powers as to make the corporation illegally constituted. Kalaw; Board; defendant Leonor Moll became director only on December 22, NACOCO, after the passage of Republic Act 5, embarked on copra general manager Kalaw are the disputed contracts, for the delivery of long tons $145.00 per long ton, f.o.b., Philippine ports, to be assigned to Louis Dreyfus & Co. (Overseas) Ltd. c.i.f., New York, to be shipped in November, 1947.
Corporate Law

ACCA F4 Corporate and Business Law (Global): Practice and

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When a director, trustee or officer attempts to acquire or acquires, in violation of his duty, any interest adverse to the corporation in respect of any matter which has been reposed in him in confidence, as to which equity imposes a disability upon him to deal in his own behalf, he shall be liable as a trustee for the corporation and must account for the profits which otherwise would have accrued to the corporation. (n) Certificate of stock was lost, the owner transfers his shares by way of a notarized deed will it be valid?
Corporate Law

The '40 Act Institute [Series: Corporate Law and Practice

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L.682, No.284), known as The Insurance Company Law of 1921, or incorporated under the acts of: April 28, 1903 (P. We address your legal needs by applying our: Personal attention — Our lawyers recognize the importance of working directly with each client to understand your business needs and interests and help ensure the results you want. Election Law & Government products provide comprehensive coverage all in one resource for...associations, attorneys, committees, corporations, federal election candidates, government officials, libraries, & media.
Corporate Law

Cases and Materials on Corporations Including Partnerships

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Notes on Corporation Law “Notes come in handy only when you have studied…” ©GTan; ASoguilon; VVillanueva LIABILITIES To pay to the corporation the balance of his unpaid subscriptions subject to the provision of section 67 to 70; To pay interest on his unpaid subscription if required by the by-laws or by the contract of subscription in accordance with section 66; To answer to the creditors for the unpaid portion of his subscription under the TRUST FUND DOCTRINE; To answer the “water” in his stocks as provided for in section 65; To be liable, as general partners, for all debts, liabilities and damages of a determinable corporation as envisioned under section 21 (corporation by estoppel); and, To be personally liable for torts, in the event that a stockholder in a close corporation actively participates in the management of the corporate affairs.