Examlex
What is the classification of the reaction shown?
Majority Shareholder
An individual or entity that owns more than half of a company's outstanding shares, giving them controlling interest.
Board of Directors
A group of elected or appointed members who jointly oversee the activities of a company or organization.
Voting Trust
A type of shareholder voting arrangement by which shareholders transfer their voting rights to a voting trustee.
Model Business Corporation Act
A template law provided to guide states in the drafting of their own corporate statutes, aimed at promoting uniformity and clarity in corporate governance and activity.
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