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Corporate act means any actual or alleged act, error, omission, misstatement, misleading statement, neglect or breach of duty by the COMPANY involving a SECURITIES LAW VIOLATION.
Distributions to shareholders. A. The board of directors may authorize and the corporation may make distributions to its shareholders, subject to restriction by the articles of incorporation and the limitation in subsection C.
Outstanding Preferred Stock means all shares of Preferred Stock of the Company issued and outstanding as of the Issue Date. Sample 1Sample 2. Outstanding Preferred Stock means the average number of shares of Preferred Stock issued and outstanding during the relevant period.
One or more classes or series of shares, which may be the same class or classes or series as those with voting rights, that together are entitled to receive the net assets of the corporation upon dissolution.