FF NOT INCLUDED IN THE SYLLABUS CORPORATORS; all the shs and members of a corporation including the incorporators who are still shs SH AND MEMBERS; • SHs are persons who hold or own shares in a stock coro • MEMBERS are those who compose the non-stock corp. So long as this provision continues in effect: 1. Also, the document a shareholder signs appointing this substitute voter. Any two of the offices of vice president, secretary and treasurer may be held by one person. (2) An officer may be removed by the affirmative vote of a majority of the directors if, in their judgment, the best interest of the corporation will be served by removal. (a) Procedure.--Net earnings of a corporation may be apportioned, distributed and paid periodically on the basis of patronage to those persons entitled to receive them, at a time and in a manner as the bylaws provide.

The Legal Services Corporation (LSC), an FGC, is a case in point. George, Development of the Legal Services Corporation, 61 CORNELL L. REV. 681 (1976) (discussing controversies over LSC policies); Bush Names Directors of Legal Services Corp., N. TIMES, Jan. 12, 1992, at A12 (reporting that, for third time in three years, President Bush made 10 recess re- appointments to LSC because Congress refused to confirm incumbents) webdesignpenticton.com. Written notice of the proposed action and of the time and place of the meeting shall be addressed to each stockholder or member at his place of residence as shown on the books of the corporation and deposited to the addressee in the post office with postage prepaid, or served personally: 4. must comply with the Bulk Sales Law NOTE: the requirement only applies only when the transaction involves sell, lease, exchange, mortgage, pledge or otherwise dispose of all or substantially all of its property and assets, including its goodwill, HENCE: IF NOT SUBSTANTIALLY ALL - ratificatory vote the SHs will ot be required I NSTANCES WHEN RATI FI CATORY VOTE BY THE SHs WI LL OT BE REQUIRED: to sell, lease, exchange, mortgage, pledge or otherwise dispose of any of its property and assets 1. if the same is necessary in the usual and regular course of business of said corporation 2. if the proceeds of the sale or other disposition of such property and assets be appropriated for the conduct of its remaining business. 3. does not involve all or subtsantially all of corporate assets WHEN IT IS DEEMED TO INVOLVED ALL O R S U B S TA N T I A L LY A L L O F CORPORATE ASSETS the corporati on woul d be rendered incapable of continuing the business or accomplishing the purpose for which it was incorporated download epub.

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