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Organization & Financial Structure of Corporations

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Presentation on theme: "Organization & Financial Structure of Corporations"— Presentation transcript:

1 Organization & Financial Structure of Corporations
42 Chapter Forty-Two Organization & Financial Structure of Corporations

2 Preincorporation Contract Liability Binding Contract-
Corporation- Adoption Promoter- Novation Binding Contract- Automatic Novation Clause Share Subscription Corp. Liability to Promoter

3 Incorporation Articles of Incorporation Filing Articles
Organization Meeting Filing Annual Report Close Elections

4 Failure To Comply Defective Attempts to Incorporate
De Jure Corporation- Mandatory Conditions Precedent De Facto Corporations Corporation by Estoppel Liability

5 Defective Incorporation
Filing Liability under MBCA Nonprofit Liability

6 Financing Equity Debt Nonprofit

7 Equity Financing Common Shares Preferred Shares
Authorized, Issued, Outstanding Options, Warrants, Rights

8 Debt Financing Debentures Bonds Notes Convertible

9 Share Consideration Quality Quantity Par Value Discount Shares
Fair Value- Watered Shares Accounting for Consideration Resale of Shares

10 Shares Subscription Issuance Transfer Preincorporation
Postincorporation Issuance Transfer

11 Shares Transfer Use Legality Enforceability Statutory Solution

12 Restricted Transfers Right of First Refusal- Option
Buy-and-Sell Agreement Consent Restraint Provision Disqualifying Purchasers


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