1
Q
Cumulative voting
A
A. Ensures that anyone with a large enough stock will always get a seat on the board. (Can distribute votes
2
Q
POOLONG agreements
A
A. Lawful and enforceable
B. They are just a contract where people can vote together
3
Q
voting trust
A
A. Giving your votes to another person.
1. You can take the votes back
4
Q
default rule straight voting
A
1 share 1 vote
5
Q
Direcotrs must have
A
unfetered discretion to vote as they please- cant bind directors
6
Q
LCCs you can bind
A
anyone to anything.
BA-DJ
flashcards
Decks in class (22)
# Cards
-
Overview & Agency19
-
Duties Agents owe to Principal9
-
Master and Servant14
-
Simplified Authority5
-
Partnership (GP)14
-
Rights powers duties of partners16
-
Dissolution6
-
LLE'S7
-
role and purpose of LLE8
-
LLE's liability16
-
Piercing the Corporate veil8
-
Control & Capitalization6
-
Tax aspects of entity choices18
-
General Stock15
-
Derivative Actions12
-
Fiduciary Duties- Loyalty Self Dealing18
-
Fiduciary Duty- loyatly- corporate opportunities22
-
duty of care 112
-
idemnification and insuracne5
-
abuse of control5
-
e. Fiduciary Duties9
-
dissolution21
