Examlex
Describe the objectives and characteristics of a lean manufacturing system.
De Facto Corporation
A business that operates as if it were a corporation although it has not completed the formalities required for legal incorporation.
Organization Meeting
An initial meeting held to complete the formation of an entity, where bylaws are adopted, officers elected, and other organizational matters decided.
Corporate Powers
The legal rights and authorities that a corporation possesses, including entering contracts, owning property, and conducting business activities.
Transfer Restriction
Legal limitations or conditions placed on the transferability of an asset or security.
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