Notes in b. Powers of the Corporations

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Status	Last Update	Fields
Published	03/21/2025	What powers and capacity does a corporation have under the Code?
Published	03/21/2025	Can a private corporation extend or shorten its term?
Published	03/21/2025	What are the requirements for extending or shortening the term?
Published	03/21/2025	What options are available for sending the notice to stockholders?
Published	03/21/2025	What right can a dissenting stockholder exercise?
Published	03/21/2025	What is the requirement for a corporation to increase or decrease its capital stock or incur, create, or increase any bonded indebtedness?
Published	03/21/2025	How should the stockholders be notified about the meeting to approve the increase or decrease of capital stock?
Published	03/21/2025	What information should be included in the certificate signed by the majority of the directors and countersigned by the chairperson and secretary of t…
Published	03/21/2025	Who must approve any increase or decrease in the capital stock or the incurring, creating, or increasing of any bonded indebtedness?
Published	03/21/2025	What is the timeframe for making an application to the Commission after approval by the board of directors and stockholders?
Published	03/21/2025	What must accompany a certificate of increase of capital stock when submitted to the Commission?
Published	03/21/2025	Can a decrease in capital stock be approved by the Commission if it prejudices the rights of corporate creditors?
Published	03/21/2025	How can nonstock corporations incur, create, or increase bonded indebtedness?
Published	03/21/2025	What authority does the Commission have regarding bonds issued by a corporation?
Published	03/21/2025	What is the preemptive right enjoyed by stockholders of a stock corporation?
Published	03/21/2025	Under what circumstances can the preemptive right be denied?
Published	03/21/2025	In which cases does the preemptive right not apply?
Published	03/21/2025	What actions can a corporation take regarding the sale or disposition of its property and assets?
Published	03/21/2025	Who has the authority to authorize such sale or disposition?
Published	03/21/2025	What is the requirement for the sale of all or substantially all of the corporation's properties and assets, including goodwill?
Published	03/21/2025	How is it determined whether a sale involves all or substantially all of the corporation's properties and assets?
Published	03/21/2025	How should written notice of the proposed action be delivered to stockholders or members?
Published	03/21/2025	Can a dissenting stockholder exercise the right of appraisal in the case of a sale or disposition?
Published	03/21/2025	Can the board of directors or trustees abandon a sale or disposition without further action or approval from stockholders or members?
Published	03/21/2025	Are there any exceptions to the requirement of stockholder or member authorization for sale or disposition?
Published	03/21/2025	Under what condition can a stock corporation purchase or acquire its own shares?
Published	03/21/2025	What are the legitimate corporate purposes for which a stock corporation can acquire its own shares?
Published	03/21/2025	Why would a stock corporation acquire its own shares in the case of unpaid subscriptions or delinquency sales?
Published	03/21/2025	When can a stock corporation use this power to pay dissenting or withdrawing stockholders?
Published	03/21/2025	Can a stock corporation acquire its own shares for other purposes not mentioned in the Code?
Published	03/21/2025	When can a private corporation invest its funds in another corporation, business, or for any other purpose?
Published	03/21/2025	What is the requirement for notifying stockholders or members of the proposed investment?
Published	03/21/2025	Do dissenting stockholders have any rights in the case of an investment?
Published	03/21/2025	Are there any exceptions where stockholder or member approval is not necessary for investments?
Published	03/21/2025	What can the board of directors of a stock corporation declare as dividends?
Published	03/21/2025	How are cash dividends on delinquent stock applied?
Published	03/21/2025	What is the requirement for issuing stock dividends?
Published	03/21/2025	Is there a restriction on stock corporations regarding the restraint of surplus profits?
Published	03/21/2025	What are the acceptable justifications for restraining surplus profits in excess of 100% of the paid-in capital stock?
Published	03/21/2025	What is required for a corporation to conclude a management contract with another corporation?
Published	03/21/2025	Are there specific ownership or board membership conditions for the approval of a management contract?
Published	03/21/2025	What approval is necessary for a management contract involving the exploration, development, or utilization of natural resources?
Published	03/21/2025	What is the maximum duration for a management contract?
Published	03/21/2025	What powers can a corporation possess or exercise?
Published	03/21/2025	Are there any limitations on the corporate powers of a corporation?
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