Examlex
If a corporation is liquidated, preferred stockholders are paid before the creditors and before the common stockholders.
Free Transferability
The ability to freely transfer assets or shares from one party to another without restrictions.
Close Corporations
Corporations characterized by a limited number of shareholders, no public market for the shares, and often involving family members or close associates in the business operations.
Balance of Power
A political concept aimed at preventing any one nation or group of nations from becoming too powerful, thereby maintaining stability and preventing dominance.
Buy-and-Sell Agreement
A legally binding agreement between co-owners or shareholders that outlines the conditions under which one's interest in a business can be sold or transferred.
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