Examlex
Words that came from the same ancestral language and originated from the same word are called
Ultra Vires
A Latin term meaning “beyond the powers”; in legal context, actions taken by a corporation or company officials that are beyond their legally granted corporate powers.
Quorum
That number of persons, shares represented, or officers who may lawfully transact the business of a meeting called for that purpose.
Adopting And Amending Bylaws
The procedure for creating and modifying the rules that govern the internal management of an organization, typically requiring approval by its governing body or members.
Straight Voting
Straight voting is a voting system in corporate shareholder meetings where each shareholder's voting power is proportional to the number of shares they own, used mainly in electing directors.
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