Examlex
Lisa belongs to a community where it is considered very important that everyone has the same rights.There are legal institutions which protect the interests and the access to resources of everyone in the community.What is the best way of characterizing this community?
Illegal Dividend
A dividend declared and distributed by a company when it is not legally permissible to do so, either due to financial insolvency or violation of statutory requirements.
Shareholder
An individual or entity that owns shares in a corporation, thereby holding a portion of the company's stock and potentially benefiting from its profits in the form of dividends.
Preemptive Right
A shareholder’s option to purchase new issuances of shares in proportion to the shareholder’s current ownership of the corporation.
Model Business Corporation Act
A set of model laws prepared to assist states in drafting legislation to regulate the formation and operation of corporations.
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