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No action shall be brought by any creditor of the corporation to reach and apply any such liability to any debt of the corporation until after: (1) final judgment has been rendered against the corporation in favor of the creditor and execution thereon returned unsatisfied; (2) a case involving the corporation has been brought under 11 U. All other corporations are non-stock corporations. Our representation includes litigation, insurance issues, hurricane damage claims, claims of lien, legal opinions and foreclosure defense.

Subchapter D was added as Subchapter C December 21, 1988, P http://ssreeorg.in/?library/transforming-compliance-emerging-paradigms-for-boards-management-compliance-officers-and. If issued below par, issued value considered as water How may watered stocks be issued ref.: Incorporating in Massachusetts Without a Lawyer (Incorporating without a lawyer series / W. Dean? Without limiting the generality or effect of the foregoing, the corporation may: (1) alter, amend or repeal its bylaws; (2) constitute or reconstitute and classify or reclassify its board of directors and name, constitute or appoint directors and officers in place of or in addition to all or some of the directors or officers then in office; (3) amend its articles of incorporation, including without limitation for the purpose of altering, amending or repealing any provision of the articles or bylaws notwithstanding any provision therein that the articles or bylaws may be altered, amended or repealed only under certain conditions or only upon receiving the approval of a specified number or percentage of votes of members or of a class of members; (4) be dissolved, transfer all or part of its assets, merge, consolidate, divide or convert to a business corporation, as permitted by this chapter; (5) authorize and fix the terms, manner and conditions of the issuance of obligations; or (6) lease its property and franchises to any person. 2001 Amendment , source: CSC Florida Laws Governing Business Entities. The foregoing provisions of this paragraph shall not apply to nonstock corporations. In the case of nonstock corporations, the fact that they are not authorized to issue capital stock shall be stated in the certificate of incorporation. The conditions of membership, or other criteria for identifying members, of nonstock corporations shall likewise be stated in the certificate of incorporation or the bylaws , e.g. http://internationalrelo.net/ebooks/invest-in-china-a-practical-legal-guide-to-mergers-acquisitions.

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