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6 Cards in this Set
- Front
- Back
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Promoter Liability
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the liability of a person doing work for a company before it is a legal entity. (debts to the promoter)
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Watered stock
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When stock has been issued but not fully paid for
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Treasury Stock
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When corp cashes owner out and takes stock back
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Straight Voting
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Normal way of voting through stock
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Cumulative voting
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Amount held in stock multiplied by the number of directors being voted for.
74 x 3 = 222 (more stock means higher voting power) |
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Piercing the corporate veil
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a legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders or directors
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