If a Statute States That It "Shall Operate Notwithstanding" Certain

question 29

True/False

If a statute states that it "shall operate notwithstanding" certain rights,this means that permission of parliament is needed to infringe on Charter rights.

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Definitions:

Preferred Stock

A category of corporate ownership that has a priority over common stock in terms of asset and earnings claims, typically offering fixed dividend payments.

Common Stock

A type of equity security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits via dividends.

Dividends

Distributions from a company to its shareholders, usually coming from the firm's earnings.

Cumulative Preferred Stock

A type of preferred stock that accrues dividends in the event that any dividends are missed, ensuring that preferred shareholders are paid both missed and current dividends before any are paid to common shareholders.