Shareholder - Law Dictionary Search Results
s corporation
s corporation A small business corporation with a limited number of shareholders. Its major significance is the fact that an S corporation usually avoids corporate income tax. Corporate losses can
split-up
assets in complete liquidation to two or more subsidiaries that involves the surrender of all stock by the shareholders in exchange for new stock in the transferee corporations : a D reorganization involving a distribution of the
squeezeout
(as a refusal to declare dividends or the restricting of decision-making power in corporate governance) through which majority shareholders deprive minority shareholders of the benefit of stock ownership usually as part of an attempt to force sale
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A and B lists
time of winding up order, who are primarily liable to contribute. List B is prepared to include the shareholders who are ceased to be but had been shareholders in preceding twelve months. Their liability to contribute is
Company
is liable for the debts of the partnership, whereas in limited company partnerships the liability of the partner'or shareholders, as they are called'is limited either by the charter, Act of Parliament, or memorandum of association. For though
Control
(UK) Halsbury's Laws of England, Vol. 3(1), para 59, p. 55. In the ordinary case one or more shareholders cannot be treated as exercising control if they are absent or in active when the relevant resolution is
Limited liability
business as partners, the statutes authorizing the construction of railways, etc., have always limited the liability of each shareholder to the amount of the shares held by him. Similar limitations, extending in some cases to double the
cumulative voting
cumulative voting : a system of voting for corporate directors in which each shareholder is entitled to as many votes as he or she has shares times the number of directors to
appraisal
: the determination of the fair value of a corporation's stock by a judicial proceeding that a dissenting shareholder is usually entitled by statute to demand in a case of extraordinary corporate action (as a merger) see
Share and debenture
the share capital of a company which in turn would mean that it would represent contribution of the shareholder towards the share capital of the company. On the other hand, a debenture is an instrument of debt
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