Casenote Legal Briefs: Civil Procedure, Keyed to

Casenote Legal Briefs: Civil Procedure, Keyed to

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Act 67 added section 9124. (a) No fiduciary duties generally.--A member does not have a fiduciary duty to a nonprofit association or to another member solely by being a member. (b) Discharge of duties and exercise of rights.--A member shall, consistent with the governing principles and the contractual obligation of good faith and fair dealing: (1) discharge duties under the governing principles to the nonprofit association and the other members; and (2) exercise any rights under the governing principles and this chapter. 2013 Amendment.

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Oregon Corporate Law Handbook 2006

Oregon Corporate Law Handbook 2006

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To defend corporate liability in deterrence terms, one must show that it deters corporate managers or employees better than does direct individual liability [23]. Harold and the remaining troops around him were attacked and Harold fell to multiple sword blows and a lance through his chest. INDEPENDENT DIRECTOR Person other than an officer or employee of the corporation, its parent or subsidiaries, or any other individual having a relationship with the corporation, which would interfere with the exercise of independent judgment in carrying out the responsibilities of a director.

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Smith and Keenan's Company Law for Students

Smith and Keenan's Company Law for Students

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See Schwartz, supra note 231, at 354-63 (describing mistreatment of government directors by private directors, e.g., not inviting government representatives to directors meetings and committee meetings, failing to consult them on mergers, dividends, and debt); see also Union Pac. Where the dissolution is caused by the act, death or bankruptcy of a partner, each partner is liable to his copartners for his share of any liability created by any partner acting for the partnership as if the partnership had not been dissolved unless: (1) the dissolution being by act of any partner, the partner acting for the partnership had knowledge of the dissolution; or (2) the dissolution being by the death or bankruptcy of a partner, the partner acting for the partnership had knowledge or notice of the death or bankruptcy.

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Tolley's Practical Guide to Company Acquisitions

Tolley's Practical Guide to Company Acquisitions

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A partnership interest is personal property. (a) General rule.--Except as otherwise provided in the partnership agreement: (1) a partnership interest is assignable in whole or in part; (2) an assignment of a partnership interest does not dissolve a limited partnership or entitle the assignee to become or to exercise any rights of a partner; (3) an assignment entitles the assignee to share in such profits and losses, to receive such distributions, and to receive such allocations of income, gain, loss, deduction, or credit or similar item to which the assignor was entitled, to the extent assigned; and (4) a partner ceases to be a partner and to have the power to exercise any rights or powers of a partner upon assignment of all of his partnership interest. (b) Certificate of partnership interest.--The certificate of limited partnership may provide that a partner's interest in a limited partnership may be evidenced by a certificate of partnership interest issued by the limited partnership and may also provide for the assignment or transfer of any partnership interest represented by such a certificate and make other provisions with respect to such certificates. (c) Effect of assignment.--Except as otherwise provided in the partnership agreement and except to the extent assumed by agreement, until an assignee of a partnership interest becomes a partner, the assignee shall not be liable as a partner solely as a result of the assignment. 1996 Repeal.

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Linklaters and Paines : The First One Hundred and Fifty

Linklaters and Paines : The First One Hundred and Fifty

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The date the board of directors adopted the resolution requesting cancellation/revocation of the certificate of registration. In performing his duties, a director shall be entitled to rely in good faith on information, opinions, reports or statements, including financial statements and other financial data, in each case prepared or presented by any of the following: (1) One or more officers or employees of the corporation whom the director reasonably believes to be reliable and competent in the matters presented. (2) Counsel, public accountants or other persons as to matters which the director reasonably believes to be within the professional or expert competence of such person. (3) A committee of the board upon which he does not serve, duly designated in accordance with law, as to matters within its designated authority, which committee the director reasonably believes to merit confidence. (b) Effect of actual knowledge.--A director shall not be considered to be acting in good faith if he has knowledge concerning the matter in question that would cause his reliance to be unwarranted. (c) Officers.--Except as otherwise provided in the bylaws, an officer shall perform his duties as an officer in good faith, in a manner he reasonably believes to be in the best interests of the corporation and with such care, including reasonable inquiry, skill and diligence, as a person of ordinary prudence would use under similar circumstances.

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Limited Liability Company and Partnership Answer Book, 2nd

Limited Liability Company and Partnership Answer Book, 2nd

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Standard of care and justifiable reliance. Program Fees: Students have two options of paying the fees, as mentioned below: A] Option 1 – One Time Payment:- Student has to pay the full course fees in one time payment, on or before November 15, 2016. Such opportunity shall be in the form of a written notice to such corporations, which notice shall be attached to a copy of the proposal which the corporation has already received. The board of directors or other body of the corporation may continue as such and shall have full power to wind up the affairs of the corporation. (b) Standard of care of directors, members of an other body and officers.--The dissolution of the corporation shall not subject its directors, members of an other body or officers to standards of conduct different from those prescribed by or pursuant to Chapter 57 (relating to officers, directors and members).

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Bosnia and Herzegovina Company Laws and Regulations Handbook

Bosnia and Herzegovina Company Laws and Regulations Handbook

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It is the sole punishment for certain offences and the limit of maximum fine has been laid down; in certain cases it is an alternative punishment but the amount is limited; in certain offences it is imperative to impose fine in addition to some other punishment and in some it is obligatory to impose fine but no pecuniary limit is laid down [19]. Simply stated, tort is a breach of a legal duty. Gallstone has become one of Stout's leading acolytes in the popular press, but constantly repeating a thesis doesn't make it right.

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Corporations: Law and Policy, Materials and Problems, 7th,

Corporations: Law and Policy, Materials and Problems, 7th,

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S. 602 (1935), and Weiner has survived Morrison v. Be sure to take full advantage of Patent, Trademark, and Copyright laws; and, take advantage of other strategies that can reduce this risk. A self-dealing transaction occurs when a director is on both sides of the same transaction, representing both the corporation and another person or entity who is involved in the transaction. Before you search for a bankruptcy attorney, debt settlement or credit repair services, or attempt to settle or negotiate your debt on your own, find out how I can help you get financial freedom and stop debt collectors from harassing you and your family.

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Detecting and Reducing Supply Chain Fraud

Detecting and Reducing Supply Chain Fraud

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General Provisions ............................... 7510-7517 Article 2. A construction company engaged in a public works project may obtain a bond and enter into agreements to ensure completion of the project with a surety. But, this is probably not the end of the story. (At least) Two other legal actions could transpire. For example, following the fall 2007/spring 2008 gift card distribution, sales increased 16 percent for redeemers and 5 percent for non-redeemers. [a] Tyco Former CEO Dennis Kozlowski created an image as a generous philanthropist.

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Prospectus for the Public Offering of Securities in Europe:

Prospectus for the Public Offering of Securities in Europe:

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No, it did not, it granted the corporation 6 months to cease and desist the performance of the questioned act otherwise it will be dissolved Government vs. Failure to Make Capital Contribution is Breach of Contract, Not a Breach of Fiduciary Duty Failure to Make Capital Contribution is Breach of Contract, Not a Breach of Fiduciary Duty Earlier this summer, a court in North Carolina considered whether a member's failure to make a capital contribution as called for by the operating agreement constituted a breach of fiduciary duty.

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