Examlex
Generally speaking, in order for a long-arm statute to extend to an individual or a corporation, the individual or corporation must have
Shareholders' Equity
The residual interest in the assets of a corporation after deducting liabilities, essentially representing the owners' claim on the company.
Book Value
The net value of a company's assets found on its balance sheet, calculated as total assets minus intangible assets and liabilities.
Fair Market Value
The price at which an asset would change hands in a transaction between a willing buyer and seller, both having reasonable knowledge of all relevant facts.
Legal Parent
refers to the entity that owns or controls another entity through shareholding or other means, effectively having a controlling interest in another company.
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