Guinness PLC: Investigation Under Sections 432 (2) and 442

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Language: English

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Chapter 3 examines the relative ease with which each of the entities can be formed and managed. In the case of nonstock corporations, the fact that they are not authorized to issue capital stock shall be stated in the certificate of incorporation. A quorum for board meetings usually exists if a majority of the directors in office immediately before the meeting are present. Employees of wholly owned FGCs ordinarily do not have the right to strike. The completed Certificate of Amendment of Certificate of Surrender of Authority together with the statutory fee of $60, should be forwarded to the New York Department of State, Division of Corporations, One Commerce Plaza, 99 Washington Avenue, Albany, NY 12231.

Pages: 378

Publisher: TSO (November 1997)

ISBN: 0115154434

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