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B&C Corporate Law
Midterm 2
Question | Answer |
---|---|
One who has an interest in a corporation | Stakeholder |
The document that defines the basic characteristics of corporations incorporated in Newfoundland, New Brunswick, Ontario, Manitoba, Saskatchewan, Alberta, and the federal jurisdiction | Articles of incorporation |
Laws made by the municipal level of government; also rules specifying the day-to-day operating procedures of a corporation | Bylaws |
A document evidencing a debt owed by the corporation, often used to refer a secured debt | Bond |
A document evidencing a debt owed by the corporation, often used to refer an unsecured debt | Debenture |
The document a corporation must publish when offering securities to the public | Prospectus |
Transactions in securities of a corporation by or on behalf of an insider on the basis of relevant information concerning the corporation that is not known to the general public | Insider trading |
A persons whose relationship with the insurer of securities is such that he is likely to have access to relevant material information concerning the corporation that is not known to the general public | Insider |
A person who acquires material information about an issuer of securities from an insider | Tippee |
The corporate practice of paying litigation expenses of officers and directors for lawsuits related to corporate affairs | Indemnification |
Determining the corporation is not a separate legal entity from its shareholders | Lifting the corporate veil |
A suit by a shareholder on behalf of the corporation to enforce a corporate cause of action | Derivative action |
A statutory remedy available to shareholders and other stakeholders to protect their corporate interests | Oppression remedy |
The process of dissolving a corporation | Winding up |