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Supermajority Requirement
A rule that requires a higher than simple majority vote, often used in legislative bodies or for corporate decisions.
Revised Act
Legislation that has been updated or amended to incorporate new information, correct errors, or reflect changes in policy.
Management Structure
The hierarchy of authority and responsibility in an organization that determines how decisions are made and how tasks are allocated and executed.
Closely Held Corporation
A corporation with a limited number of shareholders, often characterized by close family or associate relationships.
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