Companies in 19..: Annual Report for the Year 1992-93

Format: Paperback

Language: English

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Size: 10.26 MB

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For instance, there are the alternatives of operating as a partnership or a Limited Liability Company (LLC). Section 2535 is referred to in section 1912 of this title. § 2536. Rather, owner-employees are paid salaries and fringe benefits that are deductible to the corporation. Statutes also allow shareholders to dissent from such transactions, to have a court appraise the value of their stake, and to force payment at a judicially determined price.

Pages: 66

Publisher: Stationery Office (January 1994)

ISBN: 0115153403

Sections 1728 (relating to interested directors or officers; quorum) and 2538 (relating to approval of transactions with interested shareholders) shall not be applicable to the advancement of expenses under this section. (a) General rule.--The indemnification and advancement of expenses provided by, or granted pursuant to, the other sections of this subchapter shall not be deemed exclusive of any other rights to which a person seeking indemnification or advancement of expenses may be entitled under any bylaw, agreement, vote of shareholders or disinterested directors or otherwise, both as to action in his official capacity and as to action in another capacity while holding that office , cited: click pdf. How are shareholders’ financial interests protected? Shareholders retain all the protections that they have in a traditional corporate model. First, they have all their corporate governance rights. They elect the directors and vote on major corporate transactions such as charter amendments or mergers home-investments.com. Business laws may include restrictions on deceptive business practices; securities fraud; environmental regulations, such as air and water cleanliness standards; insurance and liability; and contracts. Pennsylvania antitrust law, for instance, allows individuals to bring private lawsuits, as well as seek enforcement help from the attorney general http://home-investments.com/library/governing-the-corporation-regulation-and-corporate-governance-in-an-age-of-scandal-and-global.
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