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General Security Agreement
A legal document granting a lender a security interest in a borrower's assets, used as collateral for a loan.
Sole Shareholder
An individual or entity that owns 100% of the shares of a corporation, exerting complete control over its operations.
Statutory Obligation
A requirement imposed by a law or a statute.
Pre-Emptive Right Provision
A clause usually found in a company's charter or bylaws that gives existing shareholders the first opportunity to buy new shares before they are offered to the public.
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