Section 1724 is referred to in sections 1725, 1726 of this title. (a) General rule.--Except as otherwise provided in this section, directors of a business corporation, other than those constituting the first board of directors, shall be elected by the shareholders. Corporate officers and employees are agents for the corporation as a separate, property- owning legal entity. For, in reality, As we have earlier expressed, Kalaw had authority to execute the contracts without need of prior approval.

Be a limited liability company for all purposes; b home-investments.com. The court shall summarily order the corporation to permit the requested inspection or to obtain the information unless the corporation establishes that the information to be obtained by the exercise of the right is not reasonably related to the performance of the duties of the director or that the director or the attorney or agent of the director is likely to use the information in a manner that would violate the duty of the director to the corporation , cited: www.theextramileadventure.org. However, the gifts often came from Tyco rather than from Mr. He played a decisive role in determining which nonprofit organizations received funding from Tyco and was accused of giving $43 million of Tyco’s money in his own name http://home-investments.com/library/company-law-teach-yourself. Section 8201 is referred to in sections 335, 336, 355, 356, 367, 375, 376, 8202, 8221 of this title , source: home-investments.com. In the event proceedings are instituted, the Commission shall have two hundred seventy (270) days within which to conclude such proceedings at which time it shall, by order, grant or deny such registration. 40.2. Every self-regulatory organization shall comply with the provision of this Code, the rules and regulations thereunder, and its own rules, and enforce compliance therewith, not wi t hst andi ng any provi si ons of t he Corporation Code to the contrary, by its members, persons associ ated wi th i ts members of its participants. 40.3. (a) Each self-regulatory organization shall submit to the Commission for prior approval any proposed rule or amendment thereto, together with a concise statement of the reason and effect of the proposed amendment (b) Within sixty (60) days after submission of a proposed amendment, the Commission shall, by order, approve the proposed amendment http://home-investments.com/library/legal-guide-to-doing-business-in-south-america.

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