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Consider the quotes presented in Figure 7.9.(in the text) How could you connect these quotes to the four aspects of Hirschi's social bonding theory?
Authorized Shares
Shares that a corporation is empowered to issue by its articles of incorporation.
Preference Shares
A class of stock that provides shareholders with priority over common shareholders in terms of dividends and assets in the event of liquidation.
Issued Shares
A corporation’s shares that a corporation has sold to its shareholders. Includes shares repurchased by the corporation and retained as treasury shares, but not shares canceled or returned to unissued status.
Model Nonprofit Corporation Act
A guideline for the governance of nonprofit organizations, providing a standard legal framework for their formation and operation.
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