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Bureaucratic discretion
Express Corporate Powers
The specific authorities granted to a corporation through its charter and state law, allowing it to perform certain actions.
Corporate Veil
A legal concept that separates the identity and responsibilities of a corporation from those of its shareholders, protecting them from personal liability in most cases.
Promoter
An individual or company responsible for organizing and starting a business or enterprise, often involved in its early financing and establishment.
Subscriber
An investor who agrees to purchase stock in a new corporation.
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