Premerger Coordination: The Emerging Law of Gun Jumping and

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The national goal is ordinarily stated in the FGC's charter. Under secular law, the directors of a corporation are not agents of the shareholders. The fee for filing both an original certificate of limited partnership and for registering a foreign limited partnership is $105. Provides one-on-one counseling, workshops, and other services for small business owners and managers. Executive and other committees of the board. (a) Establishment and powers.--Unless otherwise restricted in the bylaws: (1) The bylaws or the board of directors of a business corporation may establish one or more committees to consist of one or more directors of the corporation. (2) Any committee, to the extent provided in the resolution of the board of directors or in the bylaws, shall have and may exercise all of the powers and authority of the board of directors except that a committee shall not have any power or authority as to the following: (i) The submission to shareholders of any action requiring approval of shareholders under this subpart. (ii) The creation or filling of vacancies in the board of directors. (iii) The adoption, amendment or repeal of the bylaws. (iv) The amendment or repeal of any resolution of the board that by its terms is amendable or repealable only by the board. (v) Action on matters committed by the bylaws or resolution of the board of directors exclusively to another committee of the board. (3) The board may designate one or more directors as alternate members of any committee who may replace any absent or disqualified member at any meeting of the committee or for the purposes of any written action by the committee.

Pages: 400

Publisher: American Bar Association (December 4, 2006)

ISBN: 1590315251

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