Sentences with phrase «voting shares of the corporation»

Not exact matches

If the business is a corporation, «at least 51 percent of each class of voting stock and 51 percent of the aggregate of all outstanding shares of stock must be unconditionally owned by an individual (s) determined by SBA to be socially and economically disadvantaged,» stated the Small Business Administration.

If large U.S. corporations can quell those voices by eliminating one share, one vote, what are the rest of us to do?

THIS CARD WILL ALSO BE USED TO PROVIDE VOTING INSTRUCTIONS TO THE TRUSTEE FOR ANY SHARES OF COMMON STOCK OF INTERNATIONAL BUSINESS MACHINES CORPORATION HELD IN THE IBM STOCK FUND INVESTMENT ALTERNATIVE UNDER THE IBM 401 (k) PLUS PLAN ON THE RECORD DATE, AS SET FORTH IN THE NOTICE OF 2016 ANNUAL MEETING AND PROXY STATEMENT.

These shares usually have less voting rights than the Class A Shares, which are the preferred share by most investors, although the company or corporation has the right to designate which classification of shares has the most voting rights and when they are issued to the sharehoshares usually have less voting rights than the Class A Shares, which are the preferred share by most investors, although the company or corporation has the right to designate which classification of shares has the most voting rights and when they are issued to the sharehoShares, which are the preferred share by most investors, although the company or corporation has the right to designate which classification of shares has the most voting rights and when they are issued to the sharehoshares has the most voting rights and when they are issued to the shareholders.

[12] State corporation statutes of the period, however, merely established the one share - one vote principle as a default rule.

By 1900, a majority of U.S. corporations had moved to one vote per share.

[17] After 1918, a growing number of corporations issued two classes of common stock: one having full voting rights on a one vote per share basis, the other having no voting rights (but sometimes having greater dividend rights).

«Common shares» is the legal term that typically refers to the corporation's class of shares that holds the minimum rights described above (right to vote, right to receive dividends, right to residual value of the corporation's assets upon the corporation's liquidation).

In addition, the number of authorized shares of common stock may be increased by a vote of the majority of the outstanding stock of the corporation if the Certificate of Incorporation allows.

So shareholder voting within corporations (where someone with a 3 % share in the company has 3 % of the voting power) is not an acceptable answer?

In this model, homeowners in the community each buy one low - cost share and become members of the resident corporation, with one vote on matters of the community.

As to the reasons for the proposed merger (as opposed to a simple amendment to the Certificate of Incorporation): Section 242 (b) of the Delaware General Corporation law provides that a class vote is ordinarily required to approve an increase in the authorized number of shares of that class.

All directors and senior officers of a corporation and those who may also be presumed to have access to non-public or inside information concerning the company; also anyone owning more than 10 % of the voting shares in a corporation.

An «interested stockholder» means the beneficial owner of 10 percent or more of the voting shares of a resident domestic corporation, or an affiliate or associate thereof.

Except as provided in subdivision (2a) of this section, «control» means the power to vote more than twenty percent (20 %) of outstanding voting shares or other interests of a corporation, partnership, limited liability company, association, or trust.

Commonly, they are written when a new member of board is voted in, but they can also be created when the company wants to hire employees, sell shares of the corporation, purchase an existing patent, among other big decisions.

Inc., a wholly - owned corporation of the estate, pursuant to which the shareholders have agreed to vote their shares in favor of the approval of the REIT conversion and merger with CPA ®: 15.

7 DOS 00 DOS v. Flagship Marketing Group - availing of license; failure to cooperate with DOS investigation; jurisdiction; proper business practices; ex parte hearing may proceed upon proof of proper service; DOS retains jurisdiction over party not licensed at the time of the hearing where, at that time the complaint was served, the party was (i) licensed, (ii) an applicant for a license or renewal, or (iii) was eligible to automatically renew; salesperson is prohibited both from owning, directly or indirectly, singly or jointly, any shares of voting stock in and from being an officer of any licensed real estate brokerage corporation with which the salesperson is associated; representative real estate broker availed the corporate broker license to an associated salesperson where the office was operated by the salesperson without the direct supervision of the representative broker and the salesperson conducted business as a broker for his own benefit; representative real estate broker engaged in fraud by availing the corporate real estate broker license to a salesperson; representative broker's availing of corporate broker's license for which the corporate broker is vicariously liable; failure to provide business records constitutes failure to cooperate with DOS investigation; DOS fails to establish fraud, ignorance or negligence is not sufficient to prove mistake; pressure, regardless of how severe, is not undue influence; restitution denied where funds sought were received by an entity not named or charged in the complaint; corporate broker fined $ 3,000.00, representative broker's license revoked and fined $ 3,000.00 and salesperson fined $ 5,000.00

331 DOS 03 DOS v. Skarvelis — DOS fails its burden of proof; proper business practices; no licensed salesperson may own any voting shares of stock in any licensed real estate brokerage corporation with which the salesperson is associated; DOS fails to prove that salesperson was ever associated as a licensed real estate salesperson with broker at a time when she held voting rights and an ownership interest in the brokerage; complaint dismissed

The aggregate market value of the voting and nonvoting common equity held by non-affiliates of eXp Realty International Corporation was $ 2,329,987 based on 6,753,586 shares of common stock held by non-affiliates and last sales price prior to June 30, 2014, being $ 0.345 per share.