Examlex
Write a short note on how Mark Zuckerberg has retained control of Facebook.
Earned Surplus
The portion of a company's net income that is retained for reinvestment, rather than being distributed as dividends to shareholders.
MBCA
Model Business Corporation Act, a recommendation for state law on corporations, providing a template for corporate governance and operations.
Net Asset Test
A financial assessment to determine a company's or individual's net worth by subtracting total liabilities from total assets.
Revised Act
Refers to legislation that has been updated or amended to incorporate changes or new provisions since its original enactment.
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