A C Corporation is one of several ways to legally recognize a business for tax, regulatory and official reasons. See if starting a C Corp is right for you.
What is a Chancery Court? What are the Different Criminal Justice Jobs? What is New South Wales? What is the Order of the Garter? Discussion Comments WiseGeek, in your inbox Our latest articles, guides, and more, delivered daily. Subscribe...
Is a chancellor a judge? In the old English legal system, a chancellor isa judge who sit in a chancery court—an equity court. In equity courts, the chancellor has the power to order acts rather than damages. As a result, injunctions, specific performance and vacatur are remedies available...
This right is typically why close corporations are only formed by families or close friends. In extreme cases, where the shareholders of a close corporation are deadlocked and unable to effectively manage the company, the Delaware Court of Chancery may be petitioned by the corporation's directors...
equitable remediesdeveloped in chancery for where common law remedy not sufficient, in personam, discretionary, damages inadequate. Definition Specific Performance. This is a court order to perform a positive contractual obligation, meaning an order to do something that have contracted to do. ...
If a corporation is found to have engaged in fraudulent or illegal behavior, the Chancery court may order the corporation to make restitution to those harmed by its actions. Legal Terms Similar to Chancery Equity: the principles of fairness and justice that guide the Chancery court's decision-ma...
A receiver is a legal term with roots traced back to English common law, particularly in the Chancery courts. The primary function of a receiver is to take control of and manage assets or property that are at the center of a legal dispute. Over time the definition of the term has expande...
"probate" but instead refer to a surrogate’s court, orphan’s court, or chancery court. It's important to review the laws regarding probate in the state in which a will is to be probated before death (if you're creating a will) and after death (if you are a beneficiary or ...
* chancel * cancellation * chancellery * chancellor * chancery External links * * * withdraw English Verb To pull (something) back, aside, or away. * Hooker Impossible it is that God shouldwithdrawhis presence from anything. To take back (a comment, etc). ...
Today, the Court of Chancery is one of the most important reasons Delaware is known as the most favorable environment for corporations and LLCs. The Court of Chancery consists of a chancellor and four vice-chancellors, all of whom oversee an average of up to 1,000 civil actions a year, ...