Examlex
__________ is a lowering of the water table level around a well that results from withdrawing water from an aquifer faster than it is recharged.
Corporate Charter
The legal document that establishes a corporation and outlines its structure, objectives, and the authority to operate, also known as articles of incorporation.
Personal Liability
The legal responsibility of an individual to settle debts or obligations from their own assets.
Voting Trust
An agreement among shareholders to transfer their voting rights to a trustee.
Cumulative Voting
A system of voting for corporate directors that is designed to benefit minority shareholders by allowing shareholders to multiply their voting shares by the number of directors to be elected.
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