A Momentous Event Occurred in May 1948,when the State of ____________________

question 6

Short Answer

A momentous event occurred in May 1948,when the state of ____________________ was created out of land belonging to ____________________.

---

Definitions:

Minority Shareholder

An owner of a minority interest in a corporation, typically holding less than 50% of the company's shares.

Unanimous Shareholders' Agreement

A contract among all shareholders of a company that may alter or remove the powers of the directors.

Fiduciary Duty

An obligation to act in the best interest of another party, such as a trustee's duty towards beneficiaries.

Closely Held

A description for a corporation or company that has a small number of shareholders, often characterized by its shares not being widely available to the public.