Corporations and Other Business Associations: Statutes,

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Language: English

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Nevertheless, to the extent that an FGC is created for a public purpose and that the engine of an FGC's profitability, e.g., increased leverage on borrowed funds, is fueled by its government connection, the Treasury (or the intended beneficiaries) should be entitled to a share of the profits. Corporations are also useful for raising money and capital, as they can sell shares of stock, allowing investors to become partial owners.

Pages: 1872

Publisher: West; 2008 edition (July 14, 2008)

ISBN: 0314190058

Therefore, even when the foreclosure on the assets of the corporation was wrongful and done in bad faith, the stockholders of the corporation have no standing to recover for themselves moral damages. Otherwise, it would amount to the appropriation by, and the distribution to, such stockholders of part of the corporation’s assets before the dissolution of the corporation and the liquidation of its debts and liabilities. xAsset Privatization Trust v http://home-investments.com/library/exam-pro-on-business-associations-objective. Examples: Php 10M capital for grocery business, mayor didn’t want to issue license/permit because mayor has 3 other grocery stores, only allowed sarisari store permit, reduce capital for sari-sari so that the money will not sleep in bank • Cannot have the power to acquire Cannot engage in land transportation Doctrine of limited capacity Gov’t vs download here. The rule became effective on June 1, 2013 and implemented statutory changes made by the Dodd-Frank Act to amend provisions of Regulation Z that require creditors to establish escrow accounts for higher-priced mortgage loans (HPMLs). This article provides a detailed discussion of the major provisions of the new rule, which (1) lengthens the time for which a mandatory escrow account must be maintained from one year to five years, (2) creates an exemption from the escrow requirement for small creditors operating predominately in rural or underserved areas, and (3) extends an existing exemption from the escrow requirement for insurance premiums for condominium units to other types of properties which are covered by a master insurance policy click here.
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