It is mandatory forcorporationsto have bylaws inmost states, including Delaware and New York. Requirements vary depending on the state or country where the corporation is established, and bylaws must be consistent with the laws of the jurisdiction in which the corporation is registered. Failure to ...
Corporations must do a number of things to retain legal incorporated status, such as filing an annual report; holding annual meetings; and maintaining corporate minutes, corporate bylaws, and an operating agreement. LLCs typically only have to file an annual report. Every corporation must have a ...
plus legal costs (hiring a lawyer is advisable, it says). Benefit corporations need to change their bylaws to reflect their multi-stakeholder orientation, and issue an annual report. But that report doesn’t have to be verified by third-party audit or review....
Release of the CompanyExecutive, for himself, his successors, assigns, attorneys, and all those entitled to assert his rights, now and forever hereby releases and discharges the Company and its respective officers, directors, stockholders, trustees, employees, agents, parent corporations, subsidiaries,...
(SEC), which is required for corporations that sell their securities to the public. LLC shares are not traded on public exchanges, which is well suited for corporate JVs and subsidiary or affiliate projects. The parent can separate a JV’s risk from its other businesses while getting favorable...
Define Parent of the Company. means any corporation, other than the Company, in an unbroken chain of corporations ending with the Company if, at the time of the granting of the Option each of the corporations other than the Company owns stock possessing
the Company Bylaws; the Rules of the Board of Directors; the reports which, in accordance with legislation in force, must be given to the Stock Markets; the calls to the General Shareholders' Meetings and the proposals that are submitted for deliberation and approval as well as...
for in the corporation’s Articles of Incorporation or Bylaws. For a Directors’ meeting to be valid, there must also be a Quorum of Directors present. A Quorum is usually a majority of the Directors then serving on the Board; however, the Bylaws may specify another minimum number or ...
Bylaws are legal documents that describe the structure of an organization, such as a corporation or nonprofit. For the full bylaws definition, click here.
For condominium corporation clients we provide comprehensive legal advice. We also assist developers and condominium owners. We provide legal services in the organization of the condominium corporation including name reservation, name registration, amendment of bylaws, registration of amendment of bylaws, es...