Examlex
A positive statement
Shareholder Benefit
The advantages or profits, such as dividends or increased stock value, that accrue to the owners of shares in a corporation.
Implied Powers
Powers not explicitly stated in a constitution or legal document but deemed necessary to fulfill governmental duties.
State and Federal Constitutions
The fundamental laws and principles that establish the structure, functions, and limits of state and federal governments in the U.S.
Corporation
A legal entity that is separate and distinct from its owners, who are shareholders; it has its own rights and liabilities.
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