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" Board of directors. The business and affairs of a corporation shall be managed by a board of directors. "
Nominations of Incorporators: Hearing ...88-1...March 19, 1963 - 122. lappuse
autors: United States. Congress. Senate. Aeronautical and Space Sciences - 1963 - 127 lapas
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Utility Corporations: Letters from the Chairman of the Federal ..., 69. izdevums

United States. Federal Trade Commission - 1934
...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...
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The Laws of Wisconsin

Wisconsin - 1951
...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...
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Nomination of Incorporators. Hearing Before the Committee on ..., 8. sējums

United States. Congress. Senate. Committee on Aeronautical and Space Sciences - 1963 - 127 lapas
...8.05. Board authority. — Section 32 of the District of Columbia Corporation Act (DC Code § 2JMM.6) provides that the business and affairs of a corporation...subsequent approval by the shareholders. Section 8.06. Bylaws. — This section authorizes the board to enact bylaws. Section 24 of the District of Columbia...
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Hearings

United States. Congress. Senate. Committee on Aeronautical and Space Sciences - 1963
...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...
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Hearings, Reports and Prints of the Senate Committee on Aeronautical and ...

United States. Congress. Senate. Committee on Aeronautical and Space Sciences - 1964
...shareholders. Section 8.05. Board authority. — Section 32 of the District of Columbia Corporation Act (DC Code §29-916) provides that the business and affairs...subsequent approval by the shareholders. Section 8.06. Bylaws. — This section authorizes the board to enact bylaws. Section 24 of the District of Columbia...
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The Structure of the Corporation: A Legal Analysis

Melvin A. Eisenberg - 1976 - 352 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...
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Report of the Advisory Committee on Corporate Disclosure to the ..., 1. sējums

United States. Advisory Committee on Corporate Disclosure - 1977
...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...
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Fund Governance: Legal Duties of Investment Company Directors

Robert A. Robertson - 2001 - 1130 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...
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Guidebook for Directors of Nonprofit Corporations

Jeannie Carmedelle Frey - 2002 - 255 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,...
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Financial Reporting of Environmental Liabilities and Risks after Sarbanes-Oxley

C. Gregory Rogers - 2005 - 384 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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