The Law of Private Companies

If the Corporation should choose not to purchase the shares within _______ days, the shares shall be offered to the remaining shareholders on the same pro rata basis as provided for in Section 4(d) of this agreement. This subsection may not be varied by any provision of the certificate of organization or operating agreement. (c) Inability to perform.--A member is obligated to the company to perform any enforceable promise to contribute cash or property or to perform services even if the member is unable to perform because of death, disability or other reason. (d) Substitute performance.--If a member does not make the required contribution of property or services, the member is obligated, at the option of the company, to contribute cash equal to that portion of the value of the stated contribution that has not been made. (e) Compromise.--The obligation of a member to make a contribution may be compromised only with the unanimous consent of the members. § 8932.

Ignore the movies as well – Guy de Lusignan was not, as “The Kingdom of Heaven” would have you believe, a Templar. A well written introduction to the history is The Templars by Piers Paul Read. The books by Malcolm Barber are as well worthwhile. Philip IV's moniker is “the Fair”; who says history does not have a sense of irony dialysiswashout.com? In order to make effective any plan so adopted, it shall not be necessary to file any articles or other document in the department, but the corporation shall comply with the requirements of section 5547(b) (relating to nondiversion of certain property). (b) Exceptions.--Subsection (a) shall not apply to a sale, lease, exchange or other disposition of all, or substantially all, the property and assets of a nonprofit corporation: (1) that directly or indirectly owns all of the outstanding shares or other ownership interest of another corporation to the other corporation; (2) if made in connection with the dissolution or liquidation of the corporation, which transaction shall be governed by the provisions of Subchapter F (relating to voluntary dissolution and winding up) or G of Chapter 19 (relating to involuntary liquidation and dissolution), as appropriate; or (3) if made in connection with a transaction pursuant to which all the assets sold, leased, exchanged or otherwise disposed of are simultaneously leased back to the corporation. (c) Mortgage.--A mortgage, pledge or grant of a security interest or dedication of property to the repayment of indebtedness, with or without recourse, shall not be deemed a sale, lease, exchange or other disposition for the purposes of this section. (d) Restrictions.--This section shall not be construed to authorize the conversion or exchange of property or assets in fraud of corporate creditors or in violation of law www.utv5150.com.

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