Examlex
The following two important masks represent the Kuba king's legendary ancestors. They are the founding ancestor, Woot, and his daughter, the beautiful Ngady Amwaash. During childbirth she sheds tears. What accounts for these tears?
Consent Restraint
A security transfer restriction requiring a shareholder to obtain the consent of the corporation or its shareholders prior to the shareholder’s sale of her shares.
Option Agreement
A share transfer restriction granting a corporation or its shareholders an option to buy a selling shareholder’s shares at a price determined by the agreement.
Buy-and-Sell Agreement
a legally binding agreement between co-owners that outlines what will happen to an owner’s share of the business if they depart the business due to death or any other reason.
De Facto Corporation
A business that operates as if it were a corporation although it has not completed the formalities required for legal incorporation.
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