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A parent corporation that owns at least 90 percent of the outstanding shares of each class and series of a subsidiary corporation may merge the subsidiary into itself or into another such subsidiary or merge itself into the subsidiary without the approval of the board of directors or shareholders of the subsidiary.
In order for the breach of contract lawsuit to succeed, you must prove that a contract existed between the two parties and that it was legally valid. You must also prove that the other party failed to fulfill its obligations and to follow the instructions specified in the contract.
Essentials of Contracts Generally. To constitute a valid contract, there must be parties able to contract, a consideration moving to the contract, the assent of the parties to the terms of the contract, and a subject matter upon which the contract can operate.
The plan of merger must set forth: The name of each corporation planning to merge and the name of the surviving corporation into which each plans to merge; The terms and conditions of the planned merger; and.
The merger doctrine requires that a felonious assault which is an essential and integral element of the homicide may not be used as the underlying felony for a felony-murder conviction.
A condition precedent must be performed before the contract becomes absolute and obligatory upon the other party. The breach of a condition subsequent may destroy the party's rights under the contract or may give a right to damages to the other party, ing to a true construction of the intention of the parties.
--Georgia Administrative Procedure Act, § 50-13-1 et seq., requires one holding a hearing (anything beyond a "preliminary investigation") to afford notice, right to counsel, right to present evidence, power of subpoena, and other elements of due process with an opportunity for final judicial review.
Ga. Code § 33-2-1 There is created the Department of Insurance of the State of Georgia. The chief officer of such department shall be the Commissioner of Insurance. The purpose and function of the department and the duties and powers of the Commissioner shall be those created and vested by this title.