English for Contract and Company Law

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The suit involves recover damages for an injury to person or property, real or The leading expositor of the law on this point is Aguas vs. Indeed, to the extent that GSEs already take advantage of their freedom from one-year budget cycles, personnel ceilings, and salary caps, and have realized management efficiencies, conversion to ordinary agency status risks losing these advantages.[ *624] Finally, the repurchase or confiscation of privately held shares would impose a significant one-time cost: about $3 billion in the case of Fannie Mae alone. {397} To the extent that some GSE holders have vested rights in the continuation of the charter, they might conceivably have a takings claim above the current market value of their shares. {398} The regulatory proposals Congress has considered in recent years have been narrowly focused on heading off the hypothetical insolvency of the GSEs and thus have ignored most of the important issues that relate to both GSEs and FGCs in general.

Human Rights and Corporate Wrongs: Closing the Governance

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If the current registered office is to be changed, the post-office address, including the street and number, if any, of the new registered office, and the name of the city or county in which it is to be located; 4. Conrail was incorporated as a private state- incorporated entity. 45 U. Annual meeting minutes for California corporations should indeed be prepared, as the mailings suggest, but neither you nor these companies file such minutes with the Secretary of State (unlike the annual Statement of Information, which is filed - along with a $25 fee - with the Secretary of State) and these minutes are best prepared either by corporate officers/directors, if they know how to do so, or by a business attorney (who can also review the corporations's prior meeting minutes and bylaws for potential areas for improvement, changes, and the like).

Thailand Company Laws and Regulations Handbook (World Law

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Notwithstanding the requirements of §§ 13.1-851, 13.1-852, 13.1-855, 13.1-856, 13.1-857, 13.1-858 and 13.1-862, the provisions set forth in those sections need not be set forth in the articles of incorporation of a community association and shall be effective if set forth in the bylaws. If the secretary neglects or refuses to fix the time of the meeting, the person or persons calling the meeting may do so. (c) Adjournments.--Adjournments of any regular or special meeting may be taken but any meeting at which directors are to be elected shall be adjourned only from day to day, or for longer periods not exceeding 15 days each, as the members present and entitled to vote shall direct, until the directors have been elected.

Sovereign Wealth Funds: A Legal, Tax and Economic

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But such privatization ought not automatically release those who perform Government functions from constitutional obligations." Rights and Obligations of Members and Creditors .. 7350-7354 CHAPTER 4. Assertion of a right to have money paid Save and except in the case of a close corporation in case of deadlock management committee is allowed to take over right away Jacinto case 2nd par of page 676 2 requisites where present Wala ng mapautang, there was a paralyzation Sy Chim Did not appoint a management committee In the absence of a strong showing of an imminent danger of dissipation, loss wastage or destruction of assets or other properties of a corporation and paralysis of its business operations, the mere apprehension of future misconduct based upon prior mismanagement will not authorize the appointment of a management committee Section 5 and 6(D) governed by separate rules; interim rules and intra-corporate controversy Venue of actions Rules of court- where the parties are residing Intra-corporate- no matter where the parties are residing it will be in the city or municipality where the principal office is located Rehabilitation proceedings venue In rem Acquired upon publication without furnishing the creditors a copy of the petition and attachments thereof A creditor may now file the suspension proceedings; provides that creditors owns at least 25% Intra-corporate- rule 1 section 6 Service of summons- rule 2 section 5 Summons may be made to anyone In case of intra-corporate dispute, elections, fraud, etc; if they are governed by interim rules of procedure on intra-corporate controversies Venue Special commercial courts where principal office is located/established (section 5 rule 1) Matters of payment/suspension must be filed in the city/ municipality where corporation is located Under old rule, creditors have no right to institute an action for receivership; now creditors, if they sold 20% they can institute an action for receivership Section 5 Service of summons may be made by fax/e-mail E.

European Comparative Company Law

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Because we offer skilled representation in a wide range of practice areas, clients feel confident in turning to our firm for both complex and straightforward legal matters. Dissolution ................................ 15908.01-15908.09 Article 9. Campbell JA went on to explain that oppression is not confined to the situation where there is a breach of contract or an estoppel or conduct that would justify the winding up of the company. (b) The role of a "reasonable offer" in whether oppression is established.

International Documents On Corporate Responsibility

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Unless otherwise restricted by a bylaw adopted by the members: (1) The presence of, or vote or other action at a meeting of members, or the expression of consent or dissent to corporate action, by a proxy of a member pursuant to a bylaw shall constitute the presence of, or vote or action by, or consent or dissent of the member for the purposes of this subpart. (2) Where two or more proxies of a member are present, the corporation shall, unless otherwise expressly provided in the proxy, accept as the vote or other action of all the members or shares represented thereby the vote cast or other action taken by a majority of them, and, if a majority of the proxies cannot agree whether the memberships or shares represented shall be voted or upon the manner of voting the memberships or shares or taking the other action, the voting of the memberships or shares or right to take other action shall be divided equally among those persons. (b) Execution and filing.--Every proxy shall be executed or authenticated by the member or by the member's duly authorized attorney-in-fact and filed with or transmitted to the secretary of the corporation or its designated agent.

Corporate Governance & Accountability, 3RD EDITION

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Subchapter C is referred to in sections 7301, 7334 of this title. (a) General rule.--This subchapter shall apply only to the establishment of boundaries of certified territory between retail electric suppliers where one supplier is an electric cooperative corporation and the other supplier is subject to the jurisdiction of the Pennsylvania Public Utility Commission for rates, terms and conditions for electric service. (b) Municipal corporations.--Nothing contained in this subchapter shall in any respect affect any of the rights, privileges or obligations of any municipal corporation furnishing retail electric service.

Corporation Nation: How Corporations are Taking Over Our

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Codi f y t he dut i es of securi t i es intermediaries (including clearing agencies) who hold securities on behalf of investors; and 47.6 Give first priority to any claims of a regi st ered cl eari ng agency agai nst a participant arising from a failure by the participant to meet its obligations under the clearing agency’s rules in respect of the clearing and settlement of transactions in securities, in a dissolution of the participant, and any such rules and regulation shall bind the issuers of the securities, investors in the securities, any third parties with interests in the securities, and the creditors of a participant of a registered clearing agency.

The Law of Corporations and Other Business Organizations

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Like partnerships and limited liability companies, a corporation is a separate legal entity from its owners, and it can live beyond the life of any of the individual owners. Available in print at Law Library KGF1325. Available in print at Law Library KGF333. A _____ lawsuit is brought by shareholders to remedy a wrong that the board of directors has committed against the corporation. Professor Hamermesh joined the Widener faculty in 1994. This company only issues nominative stock and the "comanditado" partners may not sell their stock without the the prior approval of all of the "comanditado" partners and two thirds of the "comanditario" partners.

The Constraints of Corporate Tradition: Doing the Correct

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Subchapter G is referred to in section 8564 of this title. Large law firms follow the set lock-step system of base compensation for their associates. See sections 5504(d) (relating to adoption, amendment and contents of bylaws) and 5914(d) (relating to adoption of amendments). (c) Expenses.--Unless otherwise restricted in the articles, the corporation shall pay the reasonable expenses of solicitation of votes, proxies or consents of members by or on behalf of the board of directors or its nominees for election to the board, including solicitation by professional proxy solicitors and otherwise, and may pay the reasonable expenses of a solicitation by or on behalf of other persons.