Form with which the secretary of a corporation notifies all necessary parties of the date, time, and place of a special meeting of the board of directors.
Notice Meeting Corporate With Principal In Pennsylvania
State:
Multi-State
Control #:
US-0014-CR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
--Unless otherwise provided in the bylaws, a majority of the directors in office of a business corporation shall be necessary to constitute a quorum for the transaction of business, and the acts of a majority of the directors present and voting at a meeting at which a quorum is present shall be the acts of the board of ...
The doctrine of corporate opportunity dictates the broad principle that executives should not abuse their positions within the corporation as it is their job to act in the best interests of the corporation. Courts differ on how to evaluate what constitutes a corporate opportunity.
--Unless otherwise restricted in the bylaws, any action required or permitted to be taken at a meeting of the shareholders or of a class of shareholders of a business corporation may be taken without a meeting if, prior or subsequent to the action, a consent or consents thereto by all of the shareholders who would be ...
The Pennsylvania Sunshine Act, 65 Pa. C.S. §§ 701-716, requires agencies to deliberate and take official action on agency business in an open and public meeting. It requires that meetings have prior notice, and that the public can attend, participate, and comment before an agency takes that official action.
Under corporate entity theory, a corporation has a separate legal personality from its shareholders. Piercing the corporate veil allows a court to disregard this separation in certain situations, such as when a corporation is being used to commit fraud.
The corporate opportunity doctrine prohibits a corporate fiduciary from exploiting an opportunity related to the corporation's business unless he or she first offers that opportunity to the corporation.
A legal principle that prohibits an officer or director of a corporation from diverting a business opportunity presented to, or otherwise rightfully belonging to, the corporation to himself or any of his affiliates.
Pennsylvania Corporate Name. The name must contain either the word or the abbreviation of "Corporation," "Company," Incorporated" or "Limited." The name must be distinguishable from that of any domestic or foreign corporation registered in the state. Director information. Requirements for the Articles of Incorporation.
Pennsylvania Business Corporation Law of 1988 defines Corporation or Domestic Corporation as a corporation incorporated for profit under the rules of the Commonwealth of Pennsylvania. One or more corporations for profit or not-for-profit or natural persons of full age may incorporate a business corporation.
In Pennsylvania, a corporation need not adopt bylaws at its formation, but bylaws are sometimes adopted by the incorporator or board of directors at formation or a later time.
