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De Law Corporations Business Organizations Deskbook 2010-2e

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Technology: The database may be accessed by anyone with Internet access. The clauses prohibited Smith from “providing services competitive to those offered by [employer], or those provided by Smith on behalf of [employer] to anyone who was a customer of [employer] during the term of Smith’s employment.” This clause was unreasonable because it applied to all customers regardless of whether Smith had any contact with them; applied to Smith’s entire term of employment with the employer; and the prohibited activities were unrelated to what Smith actually performed.

Posted in Corporate Law

Afghanistan Company Laws and Regulations Handbook: Strategic

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CA may be permitted to do so continue as” trustees” by legal implication to complete the liquidation. Mudd and Fannie settled cheaply because of a feature of financial crisis enforcement cases. This former lawyer joined the firm after graduating from an Ivy League law school. The power to amend or repeal the bylaws of a corporation is in the members only, except to the extent that the articles of incorporation require that both the members and the board of directors approve a change. The duties and responsibilities of the officers may be vested in the corporation's board of directors or other designated body in any manner provided for by the certificate of formation or bylaws of the corporation.

Posted in Corporate Law

Management Buyouts

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Reducing the risks of this opportunism, or the "agency cost", is said to be central to the goal of corporate law. As a matter of fact, the the Philippines on December 7, 1940, without knowing the certificate number that would correspond to said shares. of authorization from the Government to issue them, may be negotiated shares evidenced by certificates of stock. validity against the corporation and third parties, is also applicable to unissued shares held by the corporation in escrow. having them sold at public auction, and that, consequently, said levy should be considered discharged through waiver or abandonment.

Posted in Corporate Law

Prentice Hall's Federal Taxation 2012 Corporations,

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S. economic, financial and demographic statistics, including employment, finance, housing, income, population, production, and trade. Companies use charitable giving programs to improve their competitive position, which enhances financial performance. S. (9 Wheat.) 904, 907 (1824) (Second Bank of the United States); see also United States ex rel. A portion of the corporation's earnings can then be paid to Taxpayer "B" by way of dividend. Directors of a corporation, whether it is a Delaware or a New York corporation or a corporation formed in another state, have certain duties towards their corporation and its stockholders.

Posted in Corporate Law

Corporate Director's Guidebook

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The first was by grant of letters patent from the Crown. The Province is introducing and will be enforcing stringent non-compliance penalties. Section 8(b) of Act 36 of 1990 provided that a director shall not be held liable for taking or omitting to take any action permitted by section 2571(b)(2), it being the intention of Act 36 that any such director may exercise absolute discretion in taking or omitting to take any such action. PRELIMINARY PROVISIONS .......................... 14600-14604 CHAPTER 2.

Posted in Corporate Law

Three Essays on Corporate Governance and Corporate Finance:

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Their personal assets are not on the line, as they would be if the business was a partnership or sole proprietorship. The renewal application must be completed and returned along with the renewal fee no later than 90 days before the December 31 expiry each year. Persons upon whom the liabilities of directors are imposed by this section shall to that extent be entitled to the rights and immunities conferred by or pursuant to this part and other provisions of law upon directors of a corporation.

Posted in Corporate Law

The Great Multinational Tax Rort: How We're All Being Robbed

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On dissolution, the partnership is not terminated but continues until the winding up of partnership affairs is completed. (1) Without violation of the agreement between the partners: (i) By the termination of the definite term or particular undertaking specified in the agreement. (ii) By the express will of any partner when no definite term or particular undertaking is specified. (iii) By the express will of all the partners who have not assigned their interests or suffered them to be charged for their separate debts, either before or after the termination of any specified term or particular undertaking. (iv) By the expulsion of any partner from the business bona fide in accordance with such a power conferred by the agreement between the partners. (2) In contravention of the agreement between the partners, where the circumstances do not permit a dissolution under any other provision of this section, by the express will of any partner at any time. (3) By any event which makes it unlawful for the business of the partnership to be carried on or for the members to carry it on in partnership. (4) By the death of any partner. (5) By the bankruptcy of any partner or the partnership. § 8354.

Posted in Corporate Law

ACCA Practice and Revision Kit: Foundation Paper 3

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A copy of the said deed/indorsement is attached as Annex A. Learn about a new App from Sherwin Williams Paint Company to look at an artist 3-D view of any space with new paint colors. Insul has built a solid reputation for demonstrating consistent legal excellence coupled with superior client availability, sophisticated legal analysis, and creative out of the box problem solving. Application and effect of chapter. (a) General rule.--Except as otherwise provided in the scope provisions of subsequent subchapters of this chapter, this chapter shall be applicable to any business corporation that is a registered corporation as defined in section 2502 (relating to registered corporation status). (b) Laws applicable to registered corporations.--Except as otherwise provided in this chapter, Part I (relating to preliminary provisions) and this subpart shall be generally applicable to all registered corporations.

Posted in Corporate Law

Personal Trading Losses

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The powers granted to privately controlled federal government corporations are usually economic, but a few federal government corporations have more public functions. The owners of a corporation were not legally liable for more than their own investment in the corporation. However, procrastination amongst the legislature meant that in the United Kingdom it was not until the Joint Stock Companies Act 1844 that the first equivalent of modern companies, formed by registration, appeared.

Posted in Corporate Law

Disregard of the Corporate Fiction and Allied Corporation

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The IRS is still collecting income taxes attributable to the pop star's earnings, and has proposed a big estate tax too. The articles of incorporation shall set forth: 2. The company’s efforts are not only likely to appeal to their current customers and employees but may also increase their target market in the long run. The primary players in a corporation are the shareholders, directors, and officers. Note that the Company Act prohibits repurchase if to do so would render the company insolvent.

Posted in Corporate Law