corporation

Validity of Notice of Stockholders’ Meeting Not Affected By Date of Receipt

Section 50 of the Corporation Code and the by-laws of GCI only require the sending/mailing of the notice of a stockholders' meeting to the stockholders of the corporation. Sending/mailing is different from filing or service under the Rules of Court...

Legal Sheets

Business Enterprise Transfer Rule

The purpose of the business-enterprise transfer is to protect the creditors of the business by allowing them a remedy against the new owner...

Legal Sheets

Capacity to Sue of Dissolved Corporation

The time during which the corporation, through its own officers, may conduct the liquidation of its assets and sue and be sued as a corporation is limited to three years from the time the period of dissolution commences...