Shareholder - Law Dictionary Search Results
corporation
small business corporation : a corporation described in section 1361 of the Internal Revenue Code that has 35 shareholders or less and only one class of stock and that may if eligible elect to be an S
disinvest
investment (as in an industry or area) 2 : to give up an investment [insiders force the noncontrolling shareholders to… "R. C. Clark"] vt : to cause to give up an investment [no one is being…ed or
officer
] 2 : one who holds an office of trust, authority, or command [the directors, s, employees, and shareholders of a corporation] 3 : one who holds a position of authority or command in the armed forces
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voting rights
esp. public elections see also Voting Rights Act in the Important Laws section 2 : the rights of shareholders or directors to vote on corporate matters compare voting stock at stock voting trust at trust
piercing the corporate veil
piercing the corporate veil The judicial act of imposing personal liability on otherwise immune corporate officers, directors and shareholders for a corporation's fraudulent or wrongful acts. Source: FindLaw
proxy statement
: a document containing information about a proposed corporate action that the corporation is required to submit to shareholders for their vote on the action
quorum
majority) of members or officers that must be present to conduct business [lacked a at the meeting of shareholders]
reorganization
in control of the other corporation being immediately placed in the transferor or one or more of its shareholders or both but under which the stock or securities of the other corporation must be distributed in a
special meeting
held occasionally in addition to the annual meeting to conduct only business described in a notice to the shareholders
split
candidates of different parties c : to divide (stock) by issuing a larger number of shares to existing shareholders usually without increase in total par value see also stock split d : to divide (a cause of
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