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Our attorneys provide counsel relating to tax issues with your business. L. 1973, c. 367, approved in 1974, eliminated the requirement for a certificate to be obtained in the case of merger or consolidation involving a domestic or foreign corporation qualified to transact business in New Jersey. A church benefits board may provide to a program participant a certificate or agreement of participation, a debenture, or an indemnification agreement, as appropriate to accomplish the purposes of the board.

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The court may appoint an appraiser to receive evidence and recommend a decision on the issue of fair value. Becoming a benefit corporation gives entrepreneurs and investors an additional choice when determining which corporate form is most suitable to achieve their objectives. Miscellaneous Provisions ................... 17713.01-17713.13 TITLE 3. Consequently, for the beneficiaries under the will to take possession of the decedent's property would, under Jewish law, be tantamount to taking property that was owned by the Jewish law heirs and would be prohibited as a form of theft.

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Place and notice of meetings of board of directors. 1704. The rule requires that creditors inform credit applicants that they have a right to receive a copy of any property valuation developed in connection with an application for credit that is secured by a first lien on a dwelling, and that the creditor promptly provide a copy of that valuation to the applicant upon completion. On the other hand, the economic activities of at least government- controlled FGCs are governmental in the sense that an economist would ordinarily use the term.

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S. 288, 338-39 (1936) (rejecting challenge to congressional chartering of TVA). Until recently, Indian courts were of the opinion that corporations could not be criminally prosecuted for offenses requiring mens rea as they could not possess the requisite mens rea. Provided, that both the transfer and the trustee or trustees may exercise the right of inspection of all corporate books and records in accordance with the provisions of this Code. Aug. 31, 2016), the United States Court of Appeals for the Ninth Circuit broke new ground by providing the Securities & Exchange Commission (“SEC”) with a new independent cause of action under SEC Rule 13a-14, 17 C.

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No one seems to have seriously considered that the United States would have let the FSLIC fail, although the FSLIC was, before its demise in 1989, "a body corporate." 12 U. If a corporation is in the hands of a custodian, receiver, trustee or like official, the term includes that official or any person appointed by that official to act as an officer for any purpose under this subpart. "Preference." More>> Are There Any Special Responsibilities Associated With Forming a Corporation?

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INSTANCES WHERE CONCURRENCE OF THE SHs ARE NECESSARY 2/3 OF OCS or MEMBERS 1. power to increase or shorten corporate term 2. increase or decrease corporate stock 3. increase or decrease bonded indebtedness 4. to deny pre-emptive right 5. sell, dispose, lease, encumber all or substantially all of corporate assets 6. to invest in another corp, business other than the primary purpose 7. to declare stock dividends 8. to amend AOI 9. to enter into management contract: if a. a sh/s representing the same interest of bot h t he managi ng and t he managed corporation owns or control more than 1/3 of the total OCS entitled to vote of the managing corp.; or b. a majority of the members of the OD of the managing corp also constitute a majority of the member of the BOD of the managed corp.

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Often the most difficult part of the incorporation process is obtaining clearance for the name of the proposed corporation. PRELIMINARY PROVISIONS .......................... 14600-14604 CHAPTER 2. Code §31D-11-1103. [173] Generally, in a merger only one of the parties to the merger survives, and in a share exchange both parties survive with one corporation acquiring all of the outstanding shares of another corporation.

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Effect of lack of authority to sue. § 9111. Short title and application of chapter. § 9115. Unless otherwise provided in a plan of entity conversion of a domestic corporation to become a limited liability company, after the plan has been approved and adopted as required by this article, and at any time before the certificate of entity conversion has become effective, the conversion may be abandoned by the corporation without action by the members in accordance with any procedures set forth in the plan or, if no procedures are set forth in the plan of entity conversion, in the manner determined by the board of directors.

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When some of a corporation's shareholders, directors, officers, or employees are not Jewish, an additional factor influences some authorities to conclude that a secular corporation is, under Jewish law, a new halakhic entity and not a full- fledged halakhic partnership. In the former case, a personal guarantee by the corporation's principals is usually required, which makes an exception to the limited liability rule.