The Elements of Commercial Law : Containing a Concise And Logical Exposition of the Rules Relating to Business Transactions : a Practical Text-Book for Use in Schools
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In our eReader you can find the full English version of the book. Read The Elements of Commercial Law : Containing a Concise And Logical Exposition of the Rules Relating to Business Transactions : a Practical Text-Book for Use in Schools Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Elements of Commercial Law : Containing a Concise And Logical Exposition of the Rules Relating to Business Transactions : a Practical Text-Book for Use in Schools
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To quickly assess the difficulty of the text, read a short excerpt:
— A majority of the shareholders may sometimes ex- ercise power in deciding upon important changes in the company's business. But the power to do so is usually conferred by statutes, which often require the action of more than a mere majority in the or- dinary sense of the term.
§ 506. Corporate meetings. — The majority can bind the company by its vote only when acting at a regularly convened and lawfully conducted corporate meeting. If the meeting is properly called it is not necessary that al...l the stockholders be present. In the absence of a by-law, or of statutes, or charter provision to the contrary, those who actually assem- ' Post, § 518.
§ 507 MANAGEMENT OF CORPORATIONS. 207 ble at a corporate meeting, regularly and properly convened, constitute a quorum for the transaction of business, and the majority of votes cast by them will determine the action of the corporation.
At present, by statute in most states, or by char- ter or by-law, or by well established usage, each shareholder has one vote for each share of stock that he owns.
What to read after The Elements of Commercial Law : Containing a Concise And Logical Exposition of the Rules Relating to Business Transactions : a Practical Text-Book for Use in Schools?
You can find similar books in the "Read Also" column, or choose other free books by Spencer, Edward Whiton to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
— A majority of the shareholders may sometimes ex- ercise power in deciding upon important changes in the company's business. But the power to do so is usually conferred by statutes, which often require the action of more than a mere majority in the or- dinary sense of the term.
§ 506. Corporate meetings. — The majority can bind the company by its vote only when acting at a regularly convened and lawfully conducted corporate meeting. If the meeting is properly called it is not necessary that al...l the stockholders be present. In the absence of a by-law, or of statutes, or charter provision to the contrary, those who actually assem- ' Post, § 518.
§ 507 MANAGEMENT OF CORPORATIONS. 207 ble at a corporate meeting, regularly and properly convened, constitute a quorum for the transaction of business, and the majority of votes cast by them will determine the action of the corporation.
At present, by statute in most states, or by char- ter or by-law, or by well established usage, each shareholder has one vote for each share of stock that he owns.
What to read after The Elements of Commercial Law : Containing a Concise And Logical Exposition of the Rules Relating to Business Transactions : a Practical Text-Book for Use in Schools?
You can find similar books in the "Read Also" column, or choose other free books by Spencer, Edward Whiton to read onlineMoreLess
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