Search for: "Action Stock Transfer Corporation"
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8 Aug 2016, 8:00 am
The court was persuaded by those cases and held that: “A party who prevails in an action to pierce the corporate veil of a corporation may recover the attorney fees and costs incurred in that action when the contract underlying the judgment authorized an award of fees for enforcing the judgment against the corporation. [read post]
24 Sep 2009, 4:21 am
Shareholder class action suits against corporations have generally been thought to provide additional corporate policing to deter fraud and as a way for shareholders to hold corporations accountable for their misdeeds. [read post]
21 Feb 2012, 3:00 am
Section 720 authorizes an action against corporate directors and officers for a broader array of misconduct, including: to compel an accounting for "neglect of, or failure to perform, or other violation of his duties in the management and disposition of corporate assets committed to his charge" and for the "acquisition by himself, transfer to others, loss or waste of corporate… [read post]
27 Oct 2018, 10:58 am
Therefore, “the transfer of corporate stock is not deemed a transfer of the real property of a legal entity because the separate legal entity still owns the property. [read post]
26 Feb 2024, 4:37 am
In Anderson v Blabey, the Appellate Division, Fourth Department, affirmed the lower court’s dismissal of a shareholder’s derivative action alleging breach of fiduciary duty and non-compliance with BCL 713 by effectuating a reverse stock split. [read post]
9 Aug 2021, 3:58 am
After both Palmers died, their interests transferred to their son as expressly permitted by the partnership agreement. [read post]
27 Jul 2009, 4:00 am
Miot is the story of one brother, Alvin, who for many years owned and ran a construction and real estate business, and who in March 1985 gifted to his brother, Sanford, a 70% stock interest in a corporation called Madcat Realty Corp. [read post]
26 Mar 2012, 4:00 am
[Vilardi's] voting rights or status as an officer, director or shareholder of the corporation" and that the corporation shall carry on "as if [the] shares of stock had not been transferred to [Babbino] by [Vilardi]. [read post]
8 Mar 2010, 5:05 am
§§ 1961-1968, for authorizing and facilitating the transfer of METCO’s assets to an Australian corporation. [read post]
20 Jun 2011, 3:00 am
Both the trial judge and the appellate panel agreed with Kurilenko based on the stock-voting proscriptions applicable to non-eligible P.C. shareholders under BCL Section 1511, which states in pertinent part: No shareholder of a professional service corporation may sell or transfer his shares in such corporation except to another individual who is eligible to have shares issued to him by such corporation or except in trust to another… [read post]
23 Jan 2010, 2:50 pm
Further, the shareholders may not be non-resident aliens and the S corporation can only have one class of stock. [read post]
14 Apr 2008, 4:30 am
First, as a matter of contract interpretation I am not convinced that a petition to dissolve a corporation entails a stock "transfer" or "disposition". [read post]
4 Sep 2018, 3:53 am
If one of you passes away, the survivor automatically becomes the sole owner of the car, without needing to take any additional actions. [read post]
2 Mar 2018, 6:45 am
Related posts:Whether to Pay Profits out to Shareholders Share Transfer Provisions for Startups Does My Company Need to Issue Stock Certificates? [read post]
1 Oct 2018, 3:40 am
Conclusion Yu is a reminder of a fundamental requirement of standing in statutory corporate dissolution proceedings – the stock needs to have voting rights. [read post]
14 Feb 2009, 11:21 pm
Occasionally, companies may include an IPO lockup or a right of first refusal on stock transfers in bylaws. [read post]
1 May 2021, 9:29 am
Drafters can contractually restrict ownership by corporate shareholders, which is usually easily transferable, and make ownership by LLC members, which is typically subject to restrictions on transfers, more flexible. [read post]
29 Apr 2024, 10:00 pm
IRS and Treasury propose regulations that would provide guidance regarding reporting and payment of the new excise tax on repurchases of corporate stock made after December 31, 2022, and would affect certain publicly traded corporations that repurchase their stock or whose stock is acquired by certain specified affiliates. 89 Fed. [read post]
8 May 2007, 5:15 am
The Company distributed Class B shares to all shareholders but subjected the shares to transfer restrictions. [read post]
5 Aug 2007, 1:54 am
Protective provisions give the preferred stock or a series of preferred stock the ability to block certain company actions. [read post]
