New Zealand Company Laws and Regulations Handbook (World Law

Except as provided in section 103 (relating to subordination of title to regulatory laws), a nonprofit corporation shall have the legal capacity of natural persons to act. (a) General rule.--Subject to the limitations and restrictions imposed by statute and, except as otherwise provided in paragraph (4), subject to the limitations and restrictions contained in its articles, every nonprofit corporation shall have power: (1) To have perpetual succession by its corporate name unless a limited period of duration is specified in its articles, subject to the power of the Attorney General under section 503 (relating to actions to revoke corporate franchises) and to the power of the General Assembly under the Constitution of Pennsylvania. (2) To sue and be sued, complain and defend and participate as a party or otherwise in any judicial, administrative, arbitrative or other proceeding in its corporate name. (3) To have a corporate seal, which may be altered at pleasure, and to use the seal by causing it or a facsimile thereof to be impressed or affixed or in any manner reproduced. (4) To acquire, own and utilize any real or personal property, or any interest therein, wherever situated, regardless of any limitation set forth in its articles prior to January 1, 1972 as to the quantity or value of real or personal property which it may hold, or as to the amount of income derived therefrom. (5) To sell, convey, mortgage, pledge, lease, exchange or otherwise dispose of all or any part of its property and assets, or any interest therein, wherever situated. (6) To guarantee, become surety for, acquire, own and dispose of obligations, capital stock and other securities. (7) To borrow money, issue or incur its obligations and secure any of its obligations by mortgage on or pledge of or security interest in all or any part of its property and assets, wherever situated, franchises or income, or any interest therein. (8) To invest its funds, lend money and take and hold real and personal property as security for the repayment of funds so invested or loaned. (9) To make contributions and donations. (10) To use abbreviations, words, logos or symbols upon the records of the corporation, and in connection with the registration of, and inscription of ownership or entitlement on, certificates evidencing membership in or securities or obligations of the corporation, and upon checks, proxies, notices and other instruments and documents relating to the foregoing, which abbreviations, words, logos or symbols shall have the same force and effect as though the respective words and phrases for which they stand were set forth in full for the purposes of all statutes of this Commonwealth and all other purposes. (11) To be a promoter, partner, member, associate or manager of any partnership, enterprise or venture or in any transaction, undertaking or arrangement that the corporation would have power to conduct itself, whether or not its participation involves sharing or delegation of control with or to others. (12) To transact any lawful business that the board of directors or other body finds will aid governmental policy. (13) To continue the salaries of such of its employees as may be serving in the active or reserve armed forces of the United States, or in the national guard or in any other organization established for the protection of the lives and property of citizens of this Commonwealth or the United States, during the term of that service or during such part thereof as the employees, by reason of that service, may be unable to perform their duties as employees of the corporation. (14) To pay pensions and establish pension plans, pension trusts, profit sharing plans, share bonus plans, share option plans, incentive and deferred compensation plans and other plans or trusts for any or all of its present or former representatives and, after their death, to grant allowances or pensions to their dependents or beneficiaries, whether or not the grant was made during their lifetime. (15) To conduct its business, carry on its operations, have offices and exercise the powers granted by this article or any other provision of law in any jurisdiction within or without the United States. (16) To elect or appoint and remove officers, employees and agents of the corporation, define their duties, fix their reasonable compensation and the reasonable compensation of directors, to lend any of the foregoing money and credit and to pay bonuses or other additional compensation to any of the foregoing for past services. (17) To enter into any obligation appropriate for the transaction of its affairs, including contracts or other agreements with its members. (18) To have and exercise all of the powers and means appropriate to effect the purpose or purposes for which the corporation is incorporated. (19) To have and exercise all other powers enumerated elsewhere in this subpart or otherwise vested by law in the corporation. 1990 Amendment.

To protect the depositors, the FDIC entered into a purchase and assumption agreement with Today’s Bank, Huntsville, Arkansas, to assume all of the deposits of Allied Bank. Serving Maryland • Virginia • Delaware • Washington, D. C. • West Virginia 10/10/2016: F&P’s Andrew Stephenson Reappointed to MD Accommodations Review Committee - Last month, the Court of Appeals of Maryland reappointed F&P senior principal, Andrew Stephenson, to the Accommodations Review Committee for terms to expire in 2021 http://newrichmonddivorceattorney.com/library/the-foundations-and-future-of-financial-regulation-governance-for-responsibility. But they have concluded that, to effect any lasting change, that is where activists must focus their energy. Morehouse calls movements that simply ask corporations to behave better, such as socially responsible investing, social auditing, business ethics, or wise use, accommodations to corporate power. ‘It's not. .. 'good corporate citizenship' that sovereign people must seek , e.g. read book. At the first annual meeting of shareholders and at each subsequent annual meeting, the shareholders shall elect directors to hold office until the succeeding annual meeting , source: futprntsworkshop.com. She may be contacted at jkovar@abmlawfirm.com. Keith Paul Bishop is a partner with Allen Matkins Leck Gamble Mallory & Natsis LLP. He previously served as California Commissioner of Corporations, as Deputy Secretary and General Counsel of the California Business, Transportation and Housing Agency, and as Interim Savings and Loan Commissioner. He may be reached at kbishop@allenmatkins.com http://www.bedapalooza.com/books/directory-corporate-counsel-2009-2010-cd-print-directory-of-corporate-counsel-2-vol.

The time period "business combination," whilst utilized in connection with any registered company and any shareholder of the company, capability any of the subsequent: (1) A merger, consolidation, proportion alternate or department of the company or any subsidiary of the company: (i) with the shareholder; or (ii) with, related to or leading to the other company (whether or now not itself an shareholder of the registered company) that's, or after the merger, consolidation, percentage alternate or department will be, an associate or affiliate of the shareholder. (2) A sale, hire, alternate, loan, pledge, move or different disposition (in one transaction or a chain of transactions) to or with the shareholder or any associate or affiliate of such shareholder of resources of the company or any subsidiary of the company: (i) having an combination marketplace worth equivalent to ten% or extra of the mixture industry worth of all of the resources, made up our minds on a consolidated foundation, of such company; (ii) having an mixture marketplace price equivalent to ten% or extra of the mixture industry worth of all of the impressive stocks of such company; or (iii) representing 10% or extra of the incomes strength or web source of revenue, decided on a consolidated foundation, of such company. (3) The issuance or move through the company or any subsidiary of the company (in one transaction or a sequence of transactions) of any stocks of such company or any subsidiary of such company which has an mixture industry worth equivalent to five% or extra of the combination marketplace worth of the entire notable stocks of the company to the shareholder or any associate or affiliate of such shareholder other than pursuant to the workout of alternative rights to buy stocks, or pursuant to the conversion of securities having conversion rights, provided, or a dividend or distribution paid or made, professional rata to all shareholders of the company. (4) The adoption of any plan or suggestion for the liquidation or dissolution of the company proposed via, or pursuant to any contract, association or knowing (whether or no longer in writing) with, the shareholder or any associate or affiliate of such shareholder. (5) A reclassification of securities (including, with no quandary, any break up of stocks, dividend of stocks, or different distribution of stocks in admire of stocks, or any opposite break up of shares), or recapitalization of the company, or any merger or consolidation of the company with any subsidiary of the company, or the other transaction (whether or now not with or into or another way regarding the shareholder), proposed through, or pursuant to any contract, association or figuring out (whether or no longer in writing) with, the shareholder or any associate or affiliate of the shareholder, which has the impact, at once or in some way, of accelerating the proportionate percentage of the phenomenal stocks of any category or sequence of balloting stocks or securities convertible into balloting stocks of the company or any subsidiary of the company that is, without delay or in a roundabout way, owned through the shareholder or any associate or affiliate of the shareholder, other than due to immaterial adjustments as a result of fractional percentage alterations. (6) The receipt via the shareholder or any associate or affiliate of the shareholder of the ease, without delay or in some way (except proportionately as a shareholder of such corporation), of any loans, advances, promises, pledges or different monetary suggestions or any tax credit or different tax benefits supplied via or in the course of the company. 1990 Amendment www.pierrelacaze.com.

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