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In closely held corporations,stock transfer restrictions are used to achieve the corporate equivalent of delectus personae.
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Q50: Allen owns 500 of the 5,000 shares
Q59: With respect to liability for improper dividends,a
Q63: In a Chapter 7 proceeding,an unsecured creditor
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Q76: Federal statutes prohibit officers and directors from
Q76: A purchase money security interest in equipment