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The Livingston & Haynes case involves the audit firm
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.
Authorized Capital
The maximum amount of share capital that a company is authorized by its corporate charter to issue to shareholders.
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