Examlex
The Revised Act permits the board of directors to adopt certain charter amendments without shareholder action, unless the articles of incorporation provide otherwise.These amendments would include:
Specialty Grocery Store
A retail store focusing on specific categories of edible goods, often featuring unique, high-quality, or ethnic products not commonly found in conventional supermarkets.
Capital Contribution
The value of cash, property, or other assets that members or partners contribute to a company or partnership.
Repayment
The action of paying back borrowed money, typically with interest, according to the terms of a loan agreement.
Joint And Several Liability
A legal doctrine where multiple parties can be held liable together or individually for the full amount of restitution or damages.
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