Examlex
In a study of banking by asset size over time,we can find which asset sizes are tending to become more prominent.The size that is becoming more predominant is presumed to be least cost.This is called:
MBCA
Stands for the Model Business Corporation Act, a template for state statute that provides a standard for corporate law.
Closely Held Corporations
Corporations that have a small number of shareholders and whose shares are not publicly traded.
Business Judgment Rule
A legal principle that shields corporate directors, under certain conditions, from liability for decisions that harm the company if the decisions were made in good faith and with due diligence.
Fiduciaries
Individuals or entities that hold a legal or ethical relationship of trust with one or more parties, often in financial matters.
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