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The "harm principle"
Shareholder Vote
A decision-making process where shareholders of a company vote on corporate matters, reflecting their ownership stake.
Articles of Incorporation
The primary legal document used to establish a corporation, detailing its structure and purpose.
Involuntary Dissolution
Involuntary Dissolution refers to the legal termination of a corporation's existence initiated by the state, creditors, or other external parties, not by the corporation's owners or members.
Fundamental Changes
Refers to significant alterations in the operations, structure, or policies of a company, often requiring shareholder approval.
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