The same principles that govern the filing of a liquidation petition apply to reorganization proceedings.
Congress can review new federal regulations before they take…
Congress can review new federal regulations before they take effect.
An employer can exercise some control over unionizing activi…
An employer can exercise some control over unionizing activities that take place on company property and during working hours.
The rights that accompany a fee simple absolute include the…
The rights that accompany a fee simple absolute include the right to use the land for whatever purpose it is best suited, not necessarily for whatever purpose the owner sees fit.
A franchisor can mandate retail prices for the goods that a…
A franchisor can mandate retail prices for the goods that a franchisee sells.
With preemptive rights, shareholders can preempt the decisio…
With preemptive rights, shareholders can preempt the decisions of directors and officers with respect to corporate policy.
Blair and Chanel are holders of common stock in Discount Ret…
Blair and Chanel are holders of common stock in Discount Retail Stores, Inc. Like other holders of common stock, they have a residual position in the overall financial structure of Discount Retail, because they
Data Analytics, LLC, is a limited liability company. Unless…
Data Analytics, LLC, is a limited liability company. Unless the articles of organization specify otherwise, it will most likely be assumed that the firm is
Jess and Keri are members of Livewire LLC, a limited liabili…
Jess and Keri are members of Livewire LLC, a limited liability company. In most situations, with respect to Livewire’s debts, Jess and Keri are shielded from
In a general partnership, the senior partner manages the par…
In a general partnership, the senior partner manages the partnership.