 | United States. Federal Trade Commission - 1934 - 938 lapas
...misstatements, false reports, unlawful dividends, etc. (Code, sec. 29-137, and sec. 17-4004). (14) ILLINOIS The business and affairs of a corporation shall be managed by a board of directors. Directors need not be residents of this State or shareholders In the corporation unless... | |
 | Wisconsin - 1951 - 782 lapas
...section will not affect the validity of any action taken at such meeting. 180.30 BOARD OF DIRECTORS. The business and affairs of a corporation shall be managed by a board of directors. Directors need not be residents of this state or shareholders of the corporation unless... | |
 | United States. Congress. Senate. Aeronautical and Space Sciences - 1963 - 134 lapas
...8.05. Board authority. — Section 32 of the District of Columbia Corporation Act (DO Code § 29^-916) provides that the business and affairs of a corporation...subsequent approval by the shareholders. Section 8.06. Bylatrs. — This section authorizes the board to enact bylaws. Section 24 of the District of Columbia... | |
 | United States. Congress. Senate. Committee on Aeronautical and Space Sciences - 1963 - 1782 lapas
...Corporation Act (DC Code § 2&-916) provides that the business and affairs of a ••iirjioration shall be managed by a board of directors. This section of...board of directors in carrying out the powers of the coritorntion are valid without previous authorization or subsequent approval by the shareholders. Section... | |
 | Melvin A. Eisenberg - 1976 - 356 lapas
...this aspect of the model is reflected in a central provision of the traditional corporate statutes: "The business and affairs of a corporation shall be managed by a board of directors."1 It has become increasingly clear over the years, however, that in practice the board... | |
 | United States. Advisory Committee on Corporate Disclosure - 1977 - 894 lapas
...corporations. Traditional corporate law theory, as expressed in many state corporate law statutes, relates that "The business and affairs of a corporation shall be managed by a board of I/ directors." In recent years, there has been an increasing recognition that directors cannot and... | |
 | Robert A. Robertson - 2001 - 906 lapas
...Instrument of Commerce." 107 Yale LJ 165, 171 (1997). 7 For example, the Maryland corporation statute provides that "[t]he business and affairs of a corporation shall be managed under the direction of a board of directors." Md. Code Ann., Corp. and Assoc. § 2-401 (a). Under Delaware... | |
 | George W. Overton, Jeannie Carmedelle Frey - 2002 - 284 lapas
...directors is not expected to operate the corporation on a day-today basis. Even under statutes providing that the business and affairs of a corporation shall be "managed" by the board of directors, it is recognized that actual operation is a function of management, that is,... | |
 | C. Gregory Rogers - 2005 - 407 lapas
...federal bankruptcy decision discussed in § 2.2(b)(v). State corporation statutes typically provide that the business and affairs of a corporation shall be managed by or under the direction of its board of directors. Courts have long recognized the fiduciary nature... | |
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Board of directors. The business and affairs of a corporation shall be managed by a board of directors. 