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35 Cards in this Set

  • Front
  • Back
to plead
1. to make an allegation in legal proceedings

2. to speak on behalf of a client in court
to file a document with an authority
to officially record something, especially in the court of law
to submit a document to an authority
to deliver a document formally for a decision to be made by others
de facto
in fact
ipso facto
by that very fact itself
inter alia
among other things
per annum
per year
pro forma
as a matter of form, for the sake of form
pro rata
proportionally
sui juris
of one's own right; able to exercise one's own legal rights
ultra vires

intra vires
beyond the legal powers of a person or a body

within the permitted powers
videlicet (viz.)
as follows
per se
by itself
piercing the corporate veil (US)

lifting the corporate veil (UK)
describes a legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders or directors. Usually a corporation is treated as a separate legal person, which is solely responsible for the debts it incurs and the sole beneficiary of the credit it is owed. Common law countries usually uphold this principle of separate personhood, but in exceptional situations may "pierce" or "lift" the corporate veil.
memorandum of association (UK)

articles/certificate of incorporation (US)
states the objects of the company and the details of its authorised capital, otherwise known as the nominal capital
articles of association (UK)

bylaws (US)
contains provisions for the internal management of the company, e.g. annual general meetings, extraordinary general meetings, the board of directors, corporate contracts and loans
annual general meetings (AGMs - UK) - its equivalent in US?
annual meetings of the shareholders (US)
extraordinary general meetings (UK) - its equivalent in US?
special meetings of the shareholders
fiduciary duty
fiduciary duty stems from the position of trust and responsibility entrusted to directors. This duty has many aspects, but broadly speaking, a director must act in the best interests of the company and not for any collateral purpose
profit-and-loss account (UK) -its equivalent in US?
profit-and-loss statement/income statement (US)
bonus (UK) - and US?
stock dividend (US)
capitalisation issue (UK)
cash dividend (US)
accounts (UK)
financial statements (US)
auditor
person appointed by the company to examine the company's accounts and to report to the shareholders annually on the accounts
company secretary
company’s chief administrative officer, whose responsibilities include accounting and finance duties, personnel administration and compliance with employment legislation, security of documentation, insurance and intellectual property rights
director
person elected by the shareholders to manage the company and decide its general policy
liquidator
person appointed by a court, the company or its creditors to wind up the company’s affairs
managing director
company director responsible for the day-to-day operation of the company
Official Receiver
officer of the court who commonly acts as a liquidator of a company being wound up by the court
promoter
person engaged in developing or taking the initiative to form a company (arranging capital, obtaining personnel, making arrangements for filing corporate documentation)
proxy
person appointed by a shareholder to attend and vote at a meeting in his/her place when the shareholder is unable to attend
receiver
person appointed by creditors to oversee the repayment of debts
shareholder
member of the company by virtue of an acquisition of shares in a company
registered agent (us) at the registered office of the corporation
...the person to be served if the company is sued
bylaw (byelaw, by-law, bye-law)
rules governing the internal running of a club or association; (US) rules governing the internal running of a corporation (the number of meetings, the appointment of officers)