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Explain the concept of the "Dormant Commerce Clause." Address whether a state law banning the importation of out-of-state apples in order to assist in-state growers would violate the Dormant Commerce Clause.
Pre-emptive Rights
The right of existing shareholders in a company to have the first opportunity to purchase new shares issued by the company, to maintain their proportionate ownership.
Logging Operation
The process of cutting down trees, removing them from the forest, and transporting the logs to be processed into lumber or other wood products.
Shareholders Agreement
A contract among the shareholders of a company detailing their rights, obligations, and the management of the company.
Salomon v. Salomon
A foundational company law case from the UK, establishing the principle that a corporation has a separate legal personality, distinct from its shareholders.
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