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Corporations – An USLegal Topic Area

Corporations. Corporation. A corporation is an artificial person that is created by governmental action. A corporation exists in the eyes of the law as a person, separate and distinct from the persons who own the corporation (stockholders). This means that …

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State Corporation Laws – Corporations

(9 days ago) MICHIGAN: The Michigan Business Corporation Act became effective on January 1, 1973. The Department of Labor and Economic Growth provides general supervision over corporations. MINNESOTA: The Business Corporation Law became effective in 1981. MISSISSIPPI: The state corporation statute is based on the MBCA.

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Laws Governing Corporations – Corporations

(4 days ago) Laws Governing Corporations. Many states based their laws governing corporations on the Model Business Corporations Act, which was first approved by the American Bar Association (ABA) in 1950. This act was significantly revised by the ABA in 1969 and again in 1984. A second popular source for corporation laws is the Delaware General Corporation

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State Laws Governing Shareholder Rights – Corporations

(2 days ago) The statute restricts preemptive rights, except those provided under prior law. Shareholder derivative action is permitted, subject to some restrictions. The statute permits the creation of a disinterested committee of the corporation to consider a derivative action.

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Alaska Corporation Law – Corporations

(8 days ago) Alaska Corporation Law. A corporation can be incorporated in the state of Alaska to serve any lawful purpose. In the state of Alaska, a corporation has all the powers of a natural person for carrying out its business activities. The corporation can sue and be sued in …

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Frequently Asked Questions – Corporations

(Just Now) A corporation is an artificial person that is created by governmental action. The corporation exists in the eyes of the law as a person, separate and distinct from the persons who own the corporation (stockholders). This means that the property of the corporation is not …

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Michigan Corporation Law – Corporations

(Just Now) Michigan Corporation Law. Under Michigan law, a “Corporation” or “domestic corporation” means a corporation formed under the Michigan Business Corporation Act, or a corporation already existing on January 1, 1973 and formed under any other Michigan statute. The Michigan Business Corporation Act applies to all domestic as well as foreign

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New Jersey Corporation Law – Corporations

(2 days ago) New Jersey Corporation Law The New Jersey Business Corporation Act defines Corporation or Domestic Corporation as a corporation incorporated for profit under the rules of the state of New Jersey. One or more individuals may act as incorporator or incorporators of a corporation by signing and filing a certificate of incorporation in the office

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Alabama Corporate Law – Corporations

(7 days ago) Alabama Corporate Law. According to Alabama corporate law, any corporation formed after January 1, 1981 should have the word or abbreviation of the word “corporation” or “incorporated” in its name. In the case of a banking corporation, the name should contain the word “bank”, “banking” or “bankers.”. The law states that the

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West Virginia Corporation Law – Corporations

(5 days ago) West Virginia Corporation Law. The West Virginia Business Corporation Act defines Corporation or Domestic Corporation as a corporation incorporated for profit which is not a foreign corporation under the rules of the state of West Virginia. One or more persons may act as the incorporator or incorporators of a …

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California Professional Corporations for Veterinarians Law

(7 days ago) A professional corporation may adopt any name permitted by a law expressly applicable to veterinary medicine or by a rule or regulation of the Veterinary Medical Board. 2. Each director, shareholder, and officer of a professional corporation organized to engage in the practice of veterinary medicine MUST be a veterinarian licensed to practice

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Basics of Corporations – Corporations

(6 days ago) Basics of Corporations. A corporation is a distinct legal entity created by statute. Corporations have many of the same legal rights and obligations as do individuals. They can own and sell property, they can hold profits or acquire debts, they can enter into contracts and sue or be sued, and governments can tax them.

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Montana Corporation Law – Corporations

(9 days ago) The law regarding corporations prescribes that a corporation can be incorporated in the state of Montana to serve any lawful purpose. In the state of Montana, a corporation has all the powers of a natural person for carrying out its business activities.

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Ohio Corporation Law – Corporations

(6 days ago) Except where the law, the articles, or the regulations require action to be taken by shareholders, all of the authority of a corporation shall be exercised by or under the direction of its directors. The directors may adopt bylaws for the goverance of the corporation that are …

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New Mexico Corporation Law – Corporations

(2 days ago) New Mexico Corporation Law. New Mexico’s Business Corporation Act defines Corporation or Domestic Corporation as a corporation incorporated for profit subject to the provisions of the Business Corporation Act. One or more persons or a domestic or foreign corporation may act as incorporator of a corporation. Such corporations may engage in any

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Washington Corporation Law – Corporations

(2 days ago) Washington Corporation Law. Washington Business Corporation Act defines Corporation or Domestic Corporation as a corporation incorporated for profit under the rules of the state of Washington and not a foreign corporation. One or more persons may act as the incorporator or incorporators of a corporation. Such corporations have the liberty to

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Nebraska Corporate Dissolution Law – Corporations

(Just Now) STATUTORY REFERENCENEBRASKA STATUTES, §§ 21-20,151 through 21-20,157. There are three ways to dissolve a business corporation in the State of Nebraska: administratively, judicially, and voluntarily. This summary addresses only voluntary dissolution. A majority of the incorporators or initial directors of a corporation that has not issued

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Louisiana Foreign Corporation Law – Corporations

(7 days ago) LOUISIANA REVISED STATUTES, §§ 12:301 and 12:321 (Foreign Corporation Law) No foreign corporation shall have the right to transact business in Louisiana until it shall have procured a certificate of authority to do so from the secretary of state. Loans. No certificate of authority shall be issued to a foreign corporation unless its corporate

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North Carolina Corporation Law – Corporations

(6 days ago) North Carolina Corporation Law. The North Carolina Business Corporation Act defines Corporation or Domestic Corporation as a corporation incorporated for profit or a corporation having capital stock and not a foreign corporation under the rules of the state of North Carolina. One or more persons may act as the incorporator or incorporators of a

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California Professional Corporation for Attorneys Law

(2 days ago) General Discussion: A California professional law corporation is controlled generally by all of the provisions of the California Corporations Code and specifically by the provisions of B’B’ 13400-13410 of that Code. Additionally, the corporation is subject to the statutory requirements of B’B’ 6000-6228 of the Business and Professions Code.

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Minnesota Voluntary Corporate Dissolution Law – Corporations

(1 days ago) (b) Except as provided by law, to pay or make provision for the payment of all known debts, obligations, and liabilities of the corporation according to their priorities; and (c) To give notice to creditors and claimants under §302A.727 or to proceed under section §302A.7291.

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Nevada Corporation Law – Corporations

(8 days ago) Nevada Corporation Law. Nevada allows a corporation to be formed for any lawful business activity. The corporate purpose need not be stated in the articles of incorporation. The name of the corporation must be distinguishable from any other registered Nevada business entity and any reserved names on record, subject to certain exceptions under

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Oklahoma Professional Corporation for Physicians Law

(1 days ago) A Professional service is the personal service rendered by a physician, surgeon or doctor of medicine pursuant to a license under §§ 481 through 524 of Title 59 of the Oklahoma Statutes, and any subsequent laws regulating the practice of medicine. The “incapacity” of a shareholder means that a determination by a court of competent

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Connecticut Corporate Dissolution Law – Corporations

(3 days ago) Prior to the final act of dissolution, which is the distribution to the shareholders of assets left after the settlement of corporate obligations and debts, the corporation MUST obtain a current statements from the Connecticut Commissioner of Revenue Services and the Administrator of the unemployment compensation law showing either that the

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Ohio Professional Association for Attorneys Law – Corporations

(6 days ago) OHIO REVISED CODE, Title 47, Chapter 4705 (Attorneys) The practice of law in the State of Ohio as a professional association (professional corporation) is controlled statutorily by General Corporation Law and by the law applicable to professional associations. Additionally, a professional association organized to engage in the practice of law

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Arizona Corporate Dissolution Law – Corporations

(9 days ago) ARIZONA REVISED STATUTES, §§ 10-1401 through 10-1440. In Arizona, a corporation may be dissolved voluntarily, administratively, or judicially. If a corporation has not issued shares or has not commenced business, then a majority of the incorporators or initial directors may dissolve the corporation by filing Articles of Dissolution with the

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Iowa Corporation Law – Corporations

(6 days ago) The articles of association is filed with Iowa’s Secretary of State. Once the articles of incorporation is filed, the corporation gains legal existence and shall have all the powers of a natural person. It can be a party to a suit or buy and sell any property. A corporation shall be formed to serve a purpose approved by law.

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Florida Professional Corporation for Accountants Law

(1 days ago) If any member, officer, shareholder, agent, or employee of a professional service corporation who has been rendering professional service to the public becomes legally disqualified to render that professional service within Florida or accepts employment that, pursuant to existing law, places restrictions or limitations upon that person’s

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Vermont Corporation Law – Corporations

(9 days ago) Vermont Corporation Law. The Vermont Business Corporation Act defines Corporation or Domestic Corporation as a corporation incorporated for profit which is not a foreign corporation under the rules of the state of Vermont. One or more persons may act as the incorporator or incorporators of a corporation. Such corporations have the liberty to

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Florida Corporation Law – Corporations

(Just Now) Florida law provides for the formation of a corporation. A corporation is incorporated for a legal purpose by one or more natural persons. On incorporation, the corporation attains separate legal existence. It receives the status of a natural person. The corporation can …

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State Laws Governing Officer and Director Liability

(6 days ago) State Laws Governing Officer and Director Liability. Most state statutes governing corporations contain provisions that prescribe the situations in which an officer or director may be liable. Below is a sampling of some of these state statutes. ALABAMA: The statute imposes a duty of …

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Pennsylvania Foreign Corporation Law – Corporations

(Just Now) A foreign corporation may not transact business in Pennsylvania until it has been authorized to do so by the Department of State. A foreign business corporation may not be denied a certificate of authority by reason of the fact that the laws of the jurisdiction governing its incorporation and internal affairs differ from the laws of Pennsylvania.

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Missouri Corporate Dissolution Law – Corporations

(Just Now) Other rules of law, including rules on the permissibility of third-party claims, to the contrary notwithstanding, if a corporation dissolved without fraudulent intent publishes notices in accordance with the statutory provisions, the claim of each of the following claimants is barred unless the claimant commences a proceeding to enforce the

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Arizona Corporation Law – Corporations

(9 days ago) Arizona Corporation Law. Under Arizona law, a corporation is an independent body having separate legal existence formed to carry out a lawful purpose. One or more incorporators file the articles of incorporations at the Arizona State Corporation Commission. The articles of incorporation includes the corporate name, the number of shares

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Oregon Professional Limited Liability Company for

(2 days ago) A LLC which engages in the practice of law is also subject to all rules, regulations, and disciplinary procedures established by the Oregon State Bar and the Oregon Supreme Court. A LLC may conduct or promote any lawful business or purpose which a partnership, corporation or professional corporation may conduct or promote unless a more limited

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Kentucky Professional Corporation for Physicians Law

(1 days ago) Violations of Kentucky Penal Code. If a professional corporation is convicted of violating KRS 506.010, 506.030, 506.040, 521.020, or 521.050, or if an officer, employee, or agent of the corporation violates any of those sections under circumstances which bring corporate liability under KRS 502.050 (1) (b), the court must order that the charter

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Arizona Professional Corporation for Attorneys Law

(9 days ago) The law applicable to any privileged communications between an individual rendering professional services and the person receiving the services recognized under any applicable law is not altered by the fact that those services are rendered by a professional corporation. The privilege applies to a domestic or foreign professional corporation and

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New Jersey Professional Service Corporation for Attorneys Law

(Just Now) The practice of law in New Jersey by a professional corporation is also subject to the rules and regulations of the New Jersey Supreme Court. The Professional Service Corporation Act defines a “professional service” as any type of personal service to the public which requires as a condition precedent to the rendering of that service the

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Arizona Professional Corporation for the Practice of

(5 days ago) The law applicable to any privileged communications between an individual rendering professional services and the person receiving the services recognized under any applicable law is not altered by the fact that those services are rendered by a professional corporation. The privilege applies to a domestic or foreign professional corporation and

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Texas Foreign Corporation Law – Corporations

(3 days ago) A foreign corporation which transacts business in Texas without a certificate of authority shall be liable to Texas for the years or parts thereof during which it transacted business in Texas without a certificate of authority in an amount equal to all fees and franchise taxes which would have been imposed by law upon the corporation had it

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Illinois Professional Corporation for Attorneys Law

(Just Now) The practice of law in the State of Illinois as a professional corporation is controlled statutorily by 805 ILCS 5/ (Business Corporation Act of 1983) and 805 ILCS 10/ (Professional Service Corporation Act). If there is a conflict between the provisions of the Business Corporation Act and the Professional Service Corporation Act, the

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Michigan Limited Liability Company for Attorneys Law

(1 days ago) Practicing law as a PLLC does not affect the professional relationship or liabilities between the person furnishing the professional services and the person receiving such professional services and to the standards for professional conduct. A member, manager, employee, or agent of a professional limited liability company remains personally and

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Maryland Professional Corporation for Physicians Law

(1 days ago) The name of a professional must comply with general corporation law. Additionally, the name must contain the surname of one or more stockholders of the corporation unless: 1. The name of the corporation is approved by the State Board of Physicians; 2. A certificate of authorization for use of the corporate name is issued to the corporation or

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Wisconsin Corporate Dissolution Law – Corporations

(1 days ago) Dissolution of a corporation does not: (a) Transfer title to the corporation’s property. (b) Prevent transfer of its shares or securities, although the authorization to dissolve may provide for closing the corporation’s share transfer records. (c) Subject its directors or officers to standards of conduct different from those prescribed by law.

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Illinois Professional Corporation for Medical Doctors Law

(6 days ago) The “regulating authority” is the State board, department, agency or the Supreme Court of Illinois (in the case of attorneys at law) having jurisdiction to grant a license to render the category of professional service for which a professional corporation has been organized or the United States Patent Office or the Internal Revenue Service

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District of Columbia Corporation Law – Corporations

(3 days ago) District of Columbia Corporation Law. A corporation incorporated in the District of Columbia is an independent body formed for a lawful purpose having legal rights distinct from that of its members. It has all the powers and rights as that of a natural person. District of Columbia law requires that the name of the corporation should contain the

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Texas Professional Corporation for Attorneys Law

(7 days ago) The practice of law in the State of Texas by a professional corporation is also subject to and controlled by the rules and regulations of the State Bar of Texas and the Texas Supreme Court. The primary distinctions between a “regular corporation” and a “professional corporation” which is organized to engage in the practice of law are: 1.

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Alabama Professional Corporation for Medical Doctors Law

(5 days ago) 1. An individual who is authorized by law of Alabama or of any qualified state to render a professional service permitted by the articles of incorporation of such professional corporation; 2. A general partnership in which all the partners are qualified persons with respect to such corporation; and. 3. A professional corporation in which all

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