Bus Orgs - Best so far

Bus Orgs - Best so far - I AGENCY 3 A B C D INTRODUCTION 3...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
I. AGENCY ..................................................................................................................................................... 3 1.I NTRODUCTION .............................................................................................................................................. 3 5.A UTHORITY .................................................................................................................................................. 3 11.A GENT S D UTY OF L OYALTY ........................................................................................................................ 4 17.A N I NTRODUCTION TO F INANCIAL S TATEMENTS ............................................................................................... 4 II. PARTNERSHIP ....................................................................................................................................... 5 A .P ARTNERSHIP F ORMATION UPA §6, §7 ........................................................................................................... 5 iii.Formation by Contract ....................................................................................................................... 5 iv.Formation by Estoppel ........................................................................................................................ 5 v.Implied Pships ...................................................................................................................................... 6 D .N ATURE OF A P ARTNERSHIP ............................................................................................................................ 6 E .M ANAGEMENT UPA §18, §19, §20 ............................................................................................................... 6 F .D ISTRIBUTIONS ............................................................................................................................................. 7 H .A UTHORITY UPA §9 ................................................................................................................................... 7 J .L IABILITY UPA §13, §14, §15 ..................................................................................................................... 7 M .P ARTNERSHIP P ROPERTY AND I NTERESTS UPA §§24-30 .................................................................................. 7 Q .P ARTNER S D UTY OF L OYALTY UPA §20, §21 ............................................................................................... 8 U .PS HIP D ISSOLUTION UPA §29 ...................................................................................................................... 8 III. THE CORPORATE FORM ................................................................................................................... 8 A.I NCORPORATION ........................................................................................................................................... 9 B.O RGANIZATION NYBCL § 201, 401-403, 601 ............................................................................................ 9 C.P REINCORPORATION T RANSACTIONS ............................................................................................................... 10 D.D EFECTIVE INCORPORATION NYBCL § 403 ................................................................................................. 10 E.U LTRA V IRES NYBCL §202, §203 ........................................................................................................... 10 F.O BJECTIVE OF THE C ORPORATION .................................................................................................................. 11 IV. CORPORATE STRUCTURE ............................................................................................................... 11 G.L IMITED L IABILITY ..................................................................................................................................... 11 Piercing the corporate veil: ................................................................................................................. 11 H.E QUITABLE S UBORDINATION : ...................................................................................................................... 13 I.C ORPORATE E NTITY AND C ONTRACT I NTERPRETATION ...................................................................................... 13 V. DISTRIBUTION TO SHAREHOLDERS ............................................................................................. 13 A .I NTRO TO F INANCIAL S TATEMENTS ................................................................................................................. 13 B .L EGAL C APITAL NYBCL §503, §504, §506 ............................................................................................... 13 H .A UTHORIZED AND I SSUED NYBCL §501, §622 ............................................................................................ 14 J .C ORPORATE F INANCE NYBCL §502, §518 .................................................................................................. 14 M .W ATERED S TOCK ........................................................................................................................................ 15 P .D IVIDENDS NYBCL §102( A )(2), §102( A )(8), §102( A )(13), §501, §717, §801( B )(10), §801( B )(11), §804 15 R .D IRECTOR & S HAREHOLDER L IABILITY , NYBCL §719, §720, ....................................................................... 15 S .R EPURCHASE BY A C ORPORATION OF ITS OWN STOCK NYBCL §513, §515 ....................................................... 15 VI. CORPORATE STRUCTURE ............................................................................................................... 15 A .P UBLICLY - HELD C ORPORATIONS .................................................................................................................... 15 B .A LLOCATION OF P OWER NYBCL §706 ........................................................................................................ 16 C .L EGAL S TRUCTURE OF M ANAGEMENT NYBCL §701, 712 ............................................................................. 16 D .B OARD F ORMALITIES NYBCL §707, 708, 709, 710, 711 ............................................................................ 16 E .O FFICER A UTHORITY NYBCL §715 ............................................................................................................ 16 F .S HAREHOLDER F ORMALITIES NYBCL 602, 604, 605, 606, 607, 608, 614, 615, 616 ................................... 16 VII. SHAREHOLDER INFORMATIONAL RIGHTS AND PROXY VOTING .................................. 16 A .I NFORMATION R IGHTS NYBCL §624 .......................................................................................................... 16 1
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
B .R EPORTING R EQUIREMENTS ........................................................................................................................... 16 C .P ROXY R ULES ’34 A CT §14( A ) 14( B ) 14( C ) R ULES 14 A -1, 14 A -2, 14 A -3, 14 A -6, 14 A -9, ( SKIM 14 A -4 AND 14 A - 5) AND S CHEDULE 14A ................................................................................................................................ 16 D .P RIVATE A CTIONS U NDER THE P ROXY R ULES ................................................................................................ 16 F .S HAREHOLDER P ROPOSALS ’34 ACT R ULE 14 A -8 ............................................................................................ 16 H .P ROXY C ONTESTS NYBCL §609 ................................................................................................................ 17 VIII. CLOSE CORPORATIONS ................................................................................................................ 17 A .I NTRODUCTION TO C LOSE C ORPORATIONS ....................................................................................................... 17 B .V OTING A GREEMENTS NYBCL §609, §620 ............................................................................................... 17 C .V OTING T RUSTS NYBCL §621 .................................................................................................................. 17 D .C LASSIFIED S TOCK NYBCL §402, §703 ..................................................................................................... 17 E .A GREEMENTS D EALING WITH B OARD D ISCRETION NYBCL §620 .................................................................... 17 F .S UPERMAJORITY V OTING / QUORUM NYBCL §616, §709 ................................................................................ 17 G .S HAREHOLDERS F IDUCIARY O BLIGATIONS TO C LOSE C ORPORATIONS .................................................................. 17 I .R ESTRICTIONS ON S HARE T RANSFER ................................................................................................................ 17 K .D ISSOLUTION NYBCL §1002, §1104, §1111 ............................................................................................. 18 M .D ISSOLUTION FOR O PPRESSION NYBCL §1140- A , §1118 ............................................................................. 18 N .A RBITRATION NYBCL §620( B ) ................................................................................................................. 18 FIDUCIARY DUTIES OF BOARD MEMBERS – .................................................................................. 18 IX. DUTY OF CARE AND DUTY TO ACT IN GOOD FAITH ............................................................. 18 A .B ASIC S TANDARD OF C ARE NYBCL §717( A ), §720 .................................................................................... 18 B .B USINESS J UDGMENT R ULE ........................................................................................................................... 18 C .D UTY TO E NSURE THAT C ORP HAS E FFECTIVE I NTERNAL C ONTROLS .................................................................. 18 D .L IABILITY S HIELD NYBCL §402( B ) ............................................................................................................ 18 H .G OOD F AITH ; D UTY TO A CT L AWFULLY ....................................................................................................... 19 K .D IRECTORS AND O FFICERS L IABILITY I NSURANCE ( SKIM NYBCL §721-726) ................................................... 19 X. DUTY OF LOYALTY ............................................................................................................................. 19 A .S ELF - INTERESTED T RANSACTIONS NYBCL §713 ........................................................................................... 19 B .S TATUTORY A PPROACHES ............................................................................................................................. 20 C .C OMPENSATION , W ASTE AND S HAREHOLDER R ATIFICATION NYBCL §515( D ), §713( E ) .................................... 20 D .U SE OF C
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern