Examlex
How should proposed changes in the project be handled and what are the relevant criteria for change decisions?
Preemptive Right
A shareholder’s option to purchase new issuances of shares in proportion to the shareholder’s current ownership of the corporation.
Model Business Corporation Act
A set of model laws prepared to assist states in drafting legislation to regulate the formation and operation of corporations.
Articles of Incorporation
The primary document required to register a corporation with a state, detailing the fundamental aspects of the company, such as its name, purpose, and structure.
Share Split
A corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares, although the overall value of the shares remains the same.
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