Corporate law:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
New York, N.Y.
Foundation Press
2009
|
| Ausgabe: | 2. ed. |
| Schriftenreihe: | Concepts and insights series
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Vorg. u.d.T.: Corporation law and economics / Bainbridge, Stephen M. |
| Beschreibung: | XIX, 508 S. |
| ISBN: | 9781599413624 |
Internformat
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV035456855 | ||
| 003 | DE-604 | ||
| 005 | 20141128 | ||
| 007 | t | ||
| 008 | 090428s2009 |||| 00||| eng d | ||
| 020 | |a 9781599413624 |9 978-1-59941-362-4 | ||
| 035 | |a (OCoLC)272941323 | ||
| 035 | |a (DE-599)BVBBV035456855 | ||
| 040 | |a DE-604 |b ger |e rakwb | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-19 |a DE-29 |a DE-11 | ||
| 050 | 0 | |a KF1416 | |
| 082 | 0 | |a 346.73066 |2 22 | |
| 084 | |a PU 5400 |0 (DE-625)140638: |2 rvk | ||
| 100 | 1 | |a Bainbridge, Stephen M. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Corporate law |c by Stephen M. Bainbridge |
| 250 | |a 2. ed. | ||
| 264 | 1 | |a New York, N.Y. |b Foundation Press |c 2009 | |
| 300 | |a XIX, 508 S. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 0 | |a Concepts and insights series | |
| 500 | |a Vorg. u.d.T.: Corporation law and economics / Bainbridge, Stephen M. | ||
| 650 | 4 | |a Corporation law |z United States | |
| 650 | 4 | |a Law and economics | |
| 650 | 0 | 7 | |a Kapitalgesellschaft |0 (DE-588)4129472-5 |2 gnd |9 rswk-swf |
| 651 | 4 | |a USA | |
| 651 | 7 | |a USA |0 (DE-588)4078704-7 |2 gnd |9 rswk-swf | |
| 689 | 0 | 0 | |a USA |0 (DE-588)4078704-7 |D g |
| 689 | 0 | 1 | |a Kapitalgesellschaft |0 (DE-588)4129472-5 |D s |
| 689 | 0 | |8 1\p |5 DE-604 | |
| 856 | 4 | 2 | |m SWB Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017376780&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-017376780 | ||
| 883 | 1 | |8 1\p |a cgwrk |d 20201028 |q DE-101 |u https://d-nb.info/provenance/plan#cgwrk | |
Datensatz im Suchindex
| _version_ | 1804138910275600385 |
|---|---|
| adam_text | TABLE OF CONTENTS
CHAPTER 1. AN INTRODUCTION TO THE CORPORATION - 1
SEC.
1.1 WHAT IS A CORPORATION? 1
A. FORMAL CREATION---- 1
B. LEGAL PERSONALITY 2
C. SEPARATION OF OWNERSHIP AND CONTROL 3
D. INDEFINITE DURATION - 5
E. TRANSFERABILITY *- 5
F. LIMITED LIABILITY 6
G. SOME FUNDAMENTAL DISTINCTIONS 6
1.2 SOURCES OF CORPORATE LAW 7
A. STATE CORPORATE LAW 8
B. FEDERAL LAW-* 10
CHAPTER 2. FORMING THE CORPORATION 12
SEC.
2.1 INTRODUCTION 12
2.2 FORMING THE CORPORATION 12
2.3 DRAFTING THE ORGANIC DOCUMENTS 13
A. ARTICLES OF INCORPORATION 13
B. BYLAWS *- 15
1. ADOPTION AND AMENDMENT--- 15
2. LEGALITY 16
2.4 PREINCORPORATION TRANSACTIONS BY PROMOTERS 19
A. CORPORATION AS PARTY 19
B. PROMOTER S LIABILITY AFTER THE CORPORATION IS FORMED 20
C. PROMOTER S LIABILITY IN THE EVENT THE CORPORATION NEVER
COMES INTO EXISTENCE 22
2.5 DEFECTIVE INCORPORATION-. 22
A. DE FACTO CORPORATION 22
B. CORPORATION BY ESTOPPEL -- 24
C. STATUTORY EFFORTS TO ABOLISH THE COMMON LAW DOCTRINES 25
2.6 PROMOTER S FIDUCIARY DUTIES - 25
2.7 CORPORATE POWERS AND PURPOSES 27
CHAPTER 3. FINANCING THE CORPORATION 30
SEC.
3.1 INTRODUCTION 30
A. CORPORATE CAPITAL STRUCTURE 30
B. EQUITY SECURITIES 31
1. COMMON STOCK 31
2. PREFERRED STOCK 32
VII
TABLE OF CONTENTS
SEC.
C. DEBT SECURITIES 33
1. BOND VALUE AND INTEREST RATES 33
2. THE INDENTURE 34
D. CONVERTIBLE SECURITIES - * 35
E. ASSET BACKED SECURITIES 36
3.2 ISSUANCE OF SECURITIES: THE BUSINESS CONTEXT * 37
3.3 ISSUANCE OF SECURITIES: CORPORATE LAW ASPECTS 38
A. THE RESPECTIVE ROLES OF THE BOARD AND SHAREHOLDERS 38
B. SUBSCRIPTION AGREEMENTS * 39
C. PREEMPTIVE RIGHTS 40
3.4 ISSUANCE OF SHARES: FEDERAL LAW 41
A. THE REGISTRATION PROCESS * 41
B. EXEMPTIONS FROM REGISTRATION - 42
C. CIVIL LIABILITIES FOR SECURITIES FRAUD AND OTHER VIOLA-
TIONS 44
D. BECOMING A REPORTING COMPANY: REGISTRATION UNDER THE
SECURITIES EXCHANGE ACT-- - *- 45
E. THE SARBANES-OXLEY ACT 46
CHAPTER 4. LIMITED LIABILITY AND PIERCING THE CORPORATE
VEIL 48
SEC.
4.1 INTRODUCTION -- -. 48
4.2 THINKING ABOUT LIMITED LIABILITY--- 50
4.3 VEIL PIERCING AND RELATED DOCTRINES * 52
A. STANDARDS - 52
B. CRITICAL FACTORS IN ANY VEIL PIERCING CASE 56
1. NATURE OF THE CLAIM 56
2. THE NATURE OF THE DEFENDANT *- 57
3. THE LAUNDRY LIST - 58
4. IS UNDERCAPITALIZATION, STANDING ALONE, ENOUGH? 61
5. THE TAKE-HOME LESSON: OPERATIONALIZING VEIL PIERC-
ING * 64
C. WHAT LAW APPLIES? 65
D. RELATED DOCTRINES 65
1. REVERSE VEIL PIERCING 65
2. ENTERPRISE LIABILITY 68
CHAPTER 5. MANAGING THE CORPORATION - 72
SEC.
5.1 THE ALLOCATION OF CORPORATE DECISIONMAKING POWER 72
5.2 THE PROBLEM OF MANAGERIALISM 74
5.3 CONSEQUENCES OF THE SEPARATION OF OWNERSHIP AND CONTROL * 75
VIII
TABLE OF CONTENTS
SEC.
5.4 THE BOARD OF DIRECTORS 76
A. WHY A BOARD? 76
B. BOARD OF DIRECTORS HOUSEKEEPING RULES 76
1. THE REQUIREMENT THAT BOARDS ACT COLLECTIVELY BY
MEETING 76
2. BOARD SIZE 77
3. ELECTRONIC PARTICIPATION IN BOARD MEETINGS 77
4. NOTICE OF BOARD MEETINGS 78
5. QUORUM AND VOTING 78
6. BOARD TERM LIMITS- 79
5.5 BOARD COMPOSITION 79
A. BOARD QUALIFICATIONS 79
B. INDEPENDENCE 80
1. THE MAJORITY INDEPENDENT BOARD 80
2. WHO IS INDEPENDENT? - 81
5.6 REMOVAL AND VACANCIES -- 83
5.7 BOARD COMMITTEES -- 84
A. STATE LAW - - * 84
B. STOCK EXCHANGE STANDARDS 84
1. THE NOMINATING AND CORPORATE GOVERNANCE COMMIT-
TEE 84
2. THE COMPENSATION COMMITTEE -- - ---- 85
3. THE AUDIT COMMITTEE 86
5.8 OFFICERS 89
A. DELEGATION OF CORPORATE POWERS TO OFFICERS 89
B. OFFICERS AS AGENTS 90
1. THE AGENCY RELATIONSHIP DEFINED 90
2. AUTHORITY OF AGENTS 90
3. AUTHORITY OF CORPORATE OFFICERS- - *. 92
CHAPTER 6. THE DUTY OF CARE AND THE BUSINESS JUDGMENT
RULE- 96
SEC.
6.1 INTRODUCTION 96
A. SHLENSKY AND ABSTENTION - - 97
B. TECHNICOLOR AND SUBSTANTIVE REVIEW--- - 99
C. WHERE IS DELAWARE NOW? 102
6.2 WHY A BUSINESS JUDGMENT RULE? 103
6.3 THE LAW OF BUSINESS JUDGMENT 109
A. THE NATURE OF THE RULE - 109
B. PRECONDITIONS 110
1. AN EXERCISE OF JUDGMENT - 110
2. DISINTERESTED AND INDEPENDENT DECISIONMAKERS 110
3. ABSENCE OF FRAUD OR ILLEGALITY 111
4. ABSENCE OF WASTE 113
IX
TABLE OF CONTENTS
SEC.
5. RATIONALITY -- 114
6. AN INFORMED DECISION (A.K.A. PROCESS DUE CARE) 116
C. THE CONTEXTUAL BUSINESS JUDGMENT RULE 122
D. APPLICATION TO OFFICERS 124
6.4 THE DUTY OF CARE 125
A. IS THE DUTY OF CARE A NEGLIGENCE STANDARD? 125
B. CAUSATION - * 126
C. RELIANCE ON OFFICERS 129
D. OVERSIGHT CASES 130
E. SHAREHOLDER RATIFICATION 131
F. THE MBCA 132
6.5 STATUTORY RESPONSES TO VAN GORKOM AND THE D & O LIABILI-
TY CRISIS 133
A. LIABILITY LIMITATION STATUTES 134
B. INDEMNIFICATION STATUTES 135
CHAPTER 7. THE DUTY OF LOYALTY 141
SEC.
7.1 DISTINGUISHING CARE AND LOYALTY *- 141
7.2 CONFLICTED INTEREST TRANSACTIONS 142
A. COMMON LAW EVOLUTION 143
B. INTERESTED DIRECTOR STATUTES 145
1. APPROVAL OF CONFLICTED INTEREST TRANSACTIONS BY A
DISINTERESTED BOARD MAJORITY 146
2. APPROVAL OF CONFLICTED INTEREST TRANSACTIONS BY
SHAREHOLDERS 147
3. FAIRNESS ABSENT VALID APPROVAL OR RATIFICATION 148
4. MBCA SUBCHAPTER F *- 150
C. EXECUTIVE COMPENSATION 151
7.3 CORPORATE OPPORTUNITIES 152
A. DELAWARE S STANDARD 152
B. THE ALI APPROACH 156
C. DEFENSES- * 158
1. CAPACITY 158
2. FINANCIAL OR TECHNICAL INABILITY 158
3. REFUSAL TO DEAL - 160
7.4 GOOD FAITH - 160
7.5 OVERSIGHT AND LOYALTY * 163
7.6 FIDUCIARY DUTIES OF CONTROLLING SHAREHOLDERS 166
A. INTRODUCTION 166
B. IDENTIFYING CONTROLLING SHAREHOLDERS - - 166
C. PARENT-SUBSIDIARY TRANSACTIONS 167
1. THE CANONICAL SINCLAIR OIL OPINION - 168
2. ZAHN V. TRANSAMERICA AND CONFLICTS BETWEEN CLASSES
OF STOCK -- 170
TABLE OF CONTENTS
SEC.
D. SALES OF CONTROL - 172
1. THE GENERAL RULE*. 172
2. SALE TO A LOOTER 173
3. SALE OF OFFICE - 173
4. USURPING A CORPORATE OPPORTUNITY 175
5. REFUSALS TO SELL 177
E. FREEZE-OUTS 179
1. THE BUSINESS PURPOSE TEST 180
2. FREEZE-OUTS AND FAIRNESS 181
3. FREEZE-OUTS, FIDUCIARY DUTIES, AND APPRAISAL 183
4. EFFECT OF SHAREHOLDER RATIFICATION 186
CHAPTER 8. SHAREHOLDER LITIGATION 187
SEC.
8.1 INTRODUCTION 187
8.2 DIRECT V. DERIVATIVE LITIGATION-- 187
8.3 ATTORNEYS FEES: HEREIN OF STRIKE SUITS AND THEIR CONVERSE * 189
8.4 PROCEDURAL ASPECTS 191
A. FRCP 23.1 - 191
B. CHOICE OF LAW - 192
C. VERIFICATION* - 193
D. CONTEMPORANEOUS OWNERSHIP 194
1. THE BASIC REQUIREMENT - 194
2. BONDHOLDER STANDING TO SUE DERIVATIVELY 196
3. DIRECTOR QUA DIRECTOR STANDING 198
E. COLLUSIVE JURISDICTION AND REALIGNMENT OF PARTIES 199
F. FAIR AND ADEQUATE REPRESENTATION * - 199
G. JUDICIAL APPROVAL OF SETTLEMENTS 201
H. RECOVERY - 202
I. JURY TRIAL 202
8.5 DEMAND AND BOARD CONTROL OF DERIVATIVE LITIGATION 203
A. THE DEMAND REQUIREMENT 203
1. NEW YORK S DEMAND FUTILITY STANDARD 204
2. DELAWARE S DEMAND FUTILITY STANDARD 205
B. BOARD CONTROL OF DERIVATIVE LITIGATION * 209
1. DEMAND REQUIRED CASES 209
2. DEMAND EXCUSED CASES * 211
3. JUDICIAL CONCERN WITH STRUCTURAL BIAS 215
C. THE ALI AND MBCA UNIVERSAL DEMAND ALTERNATIVES 216
1. MBCA§ 7.44 216
2. ALI
PRINCIPLES
PART VII 217
3. EVALUATING UNIVERSAL DEMAND 218
XI
TABLE OF CONTENTS
CHAPTER 9. THE LIMITS OF FIDUCIARY OBLIGATION * 220
SEC.
9.1 INTRODUCTION * *- - 220
9.2 CORPORATE SOCIAL RESPONSIBILITY AND THE LAW 220
A. CASE LAW-- * 220
B. NONSHAREHOLDER CONSTITUENCY STATUTES *- 223
9.3 EXTRA-CONTRACTUAL DUTIES TO BONDHOLDERS 226
9.4 EXTRA-CONTRACTUAL DUTIES TO PREFERRED SHAREHOLDERS 228
9.5 THE SPECIAL PROBLEM OF CORPORATE PHILANTHROPY - 230
CHAPTER 10. SHAREHOLDER VOTING 232
OGC-
10.1 INTRODUCTION * 232
10.2 STATE LAW * 233
A. OVERVIEW - 233
B. NOTICE, QUORUM, AND VOTES REQUIRED - 233
C. ELECTION OF DIRECTORS- - *- * 235
1. PLURALITY VERSUS MAJORITY VOTE - 235
2. CUMULATIVE VOTING 236
3. CLASSIFIED BOARDS* - * 238
D. GROUP VOTING 240
E. SHAREHOLDER INSPECTION RIGHTS 242
10.3 FEDERAL REGULATION OF PROXIES * - * 246
A. ORIGINS * 246
B. THE REGULATORY FRAMEWORK- * * 248
1. WHAT IS A SOLICITATION OF PROXIES? - 248
2. THE PROXY RULES - 249
C. PROXY CONTESTS 254
1. DISINCENTIVES TO PROXY CAMPAIGNS 254
2. REIMBURSEMENT OF EXPENSES - - 255
3. SHAREHOLDER APATHY AND RELATED PROBLEMS 256
4. PROXY CONTESTS AND TAKEOVER BIDS 256
D. PROXY LITIGATION 257
1. THE IMPLIED PRIVATE RIGHT OF ACTION * * 257
2. KEY ELEMENTS OF THE PROXY CAUSE OF ACTION 260
3. MATERIALITY 260
4. RELIANCE AND CAUSATION 262
5. STATE OF MIND 263
6. REMEDIES 263
10.4 SHAREHOLDER PROPOSALS UNDER RULE 14A-8 264
A. SEC REVIEW 264
B. ELIGIBILITY 265
C. PROCEDURAL ISSUES 266
1. NUMBER OF SUBMISSIONS 266
2. PRIOR SUBMISSIONS 266
3. ATTENDANCE 266
4. TIMING 266
5. LENGTH 267
XII
TABLE OF CONTENTS
SEC.
D. SUBSTANTIVE GROUNDS FOR EXCLUDING A PROPOSAL 267
1. PROPER SUBJECTS FOR SHAREHOLDER ACTION 267
2. FALSE OR MISLEADING PROPOSALS 268
3. NOT OTHERWISE SIGNIFICANT 268
4. ORDINARY BUSINESS 269
CHAPTER 11. INSIDER TRADING AND SECURITIES FRAUD 272
SEC.
11.1 INTRODUCTION 272
11.2 ORIGINS OF THE INSIDER TRADING PROHIBITION 273
A. STATE COMMON LAW - 274
1. FACE TO FACE TRANSACTIONS 274
2. DO SELLING DIRECTORS OWE A FIDUCIARY DUTY TO THEIR
NONSHAREHOLDER PURCHASERS?-- 275
3. STOCK MARKET TRANSACTIONS - 275
4. STATE COMMON LAW TODAY - 277
5. DERIVATIVE LIABILITY FOR INSIDER TRADING UNDER STATE
CORPORATE LAW 278
B. ORIGINS OF THE FEDERAL PROHIBITION - 280
C. A RULE 10B-5 PRIMER 282
1. STANDING 282
2. APPLICATION TO OMISSION CASES 283
3. MATERIALITY - - - 284
4. SCIENTER 285
5. THE LIMITS OF RULE 10B-5: THE NEED FOR DECEPTION 286
6. SECONDARY LIABILITY AND THE PLAIN MEANING ISSUE 287
D. CADY, ROBERTS 288
E. TEXAS GULF SULPHUR- * 288
11.3 THE DISCLOSE OR ABSTAIN RULE 291
A. CHIARELLA 292
1. THE FACTS*- - 292
2. INSIDE VERSUS MARKET INFORMATION 292
3. THE HOLDING 292
B. DIRKS - - 294
1. SELECTIVE DISCLOSURE AND REGULATION FD 296
2. TIPPING CHAINS - - 297
11.4 THE MISAPPROPRIATION THEORY AND RULE 14E-3: POST*
CHIARELLA GAP-FILLERS 297
A. RULE 14E-3 297
B. MISAPPROPRIATION * 299
1. ORIGINS 299
2. CALLED INTO QUESTION 301
3. O HAGAN: FACTS 301
4. O HAGAN: ISSUES 302
XIII
TABLE OF CONTENTS
SEC.
5. O HAGAN: HOLDING - * 306
6. OPEN QUESTIONS 308
11.5 ELEMENTS OF THE MODERN PROHIBITION * 312
A. MATERIAL NONPUBLIC INFORMATION 312
1. MATERIALITY 312
B. THE REQUISITE FIDUCIARY RELATIONSHIP 313
C. WHO IS AN INSIDER? * 316
1. CLASSIC INSIDERS 317
2. CONSTRUCTIVE INSIDERS *- 318
3. TIPPERS AND TIPPEES - 319
4. NONTRADITIONAL RELATIONSHIPS * - 320
5. WHAT DOES OTHER RELATIONSHIP OF TRUST AND CONFI-
DENCE MEAN? * 323
D. POSSESSION OR USE? 324
E. IS THERE LIABILITY FOR TRADING IN DEBT SECURITIES? *~ - 325
F. REMEDIES AND PENALTIES 327
11.6 SECTION 16(B) * 329
A. MATCHING TRANSACTIONS 329
B. OFFICERS, DIRECTORS AND 10% SHAREHOLDERS- 331
C. LIMITED SCOPE 333
D. FORM VERSUS SUBSTANCE - 334
E. IMPACT OF SARBANES-OXLEY 335
CHAPTER 12. MERGERS AND ACQUISITIONS 337
SEC.
12.1 INTRODUCTION 337
A. CLASSIFYING ACQUISITION TECHNIQUES 337
B. A PRELIMINARY OVERVIEW OF ACQUISITION MECHANICS - - * 338
1. THE MERGER 338
2. THE SALE OF ALL OR SUBSTANTIALLY ALL ASSETS 339
3. THE TENDER OFFER 340
4. NEGOTIATED OR OPEN MARKET PURCHASES 340
5. THE PROXY CONTEST * 341
12.2 STATUTORY ACQUISITION TECHNIQUES 341
A. THE MERGER 341
B. THE SALE OF ALL OR SUBSTANTIALLY ALL CORPORATE ASSETS 344
1. WHAT DOES ALL OR SUBSTANTIALLY ALL MEAN? 344
2. CHOOSING BETWEEN A MERGER AND AN ASSET SALE - * 346
C. TRIANGULAR TRANSACTIONS 348
D. ENSURING EXCLUSIVITY 349
12.3 THE APPRAISAL REMEDY 351
12.4 DE FACTO MERGERS 353
12.5 THE TARGET BOARD S PROPER ROLE IN STATUTORY ACQUISITIONS *- 355
12.6 NONSTATUTORY ACQUISITION TECHNIQUES 358
A. SHARE PURCHASES V. TENDER OFFERS 358
B. TENDER OFFERS V. PROXY CONTESTS 358
XIV
TABLE OF CONTENTS
SEC.
12.7 FEDERAL REGULATION OF TENDER OFFERS 361
A. BEACHHEAD ACQUISITIONS 362
1. THE OBLIGATION TO DISCLOSE 362
2. THE CONTENT OF A SCHEDULE 13D DISCLOSURE STATEMENT 365
3. SECTION 13(D) LITIGATION 366
B. TENDER OFFER DISCLOSURE AND PROCEDURAL RULES 369
1. DEFINITION OF TENDER OFFER 369
2. COMMENCEMENT OF A TENDER OFFER -* 371
3. CONTENT OF REQUIRED DISCLOSURE 372
4. PROCEDURAL RULES *- 373
5. TARGET OBLIGATIONS * 374
12.8 TAKEOVER DEFENSES: THE ARSENAL 376
A. SHARK REPELLENTS - 376
1. CLASSIFIED BOARDS 376
2. SUPERMAJORITY VOTE REQUIREMENTS 377
3. THE FAIR PRICE VARIANT 378
B. POISON PILLS- 379
1. FLIP-OVER PILLS 379
2. FLIP-IN PILLS - - 382
3. REDEMPTION PROVISIONS 382
4. MODERN PILLS - 383
C. OTHER DEFENSES * 383
1. DEFENSIVE ACQUISITIONS 383
2. DUAL CLASS STOCK PLANS 383
3. STOCK REPURCHASES 384
4. LOCKUPS 385
12.9 THE PROPRIETY OF TARGET BOARD RESISTANCE TO UNSOLICITED
OFFERS *- 386
A. CHEFF V. MATHES *- 386
B. UNOCAL - 388
C. REVLON 391
D. THE PARAMOUNT CASES - 393
1. UNITRIN - 403
12.10 CONSIDERATION OF NONSHAREHOLDER CONSTITUENCY INTERESTS - 404
A. DELAWARE CASE LAW--- 405
B. NONSHAREHOLDER CONSTITUENCY STATUTES 406
12.11 STATE ANTI-TAKEOVER LEGISLATION * 407
A. THE FIRST GENERATION AND MITE 407
1. PREEMPTION STANDARDS 407
2. DID THE WILLIAMS ACT PREEMPT THE IBTA? 408
B. THE SECOND GENERATION AND CTS-* 411
1. THE SECOND GENERATION STATUTES 411
2. POWELL S CTS OPINION 413
XV
TABLE OF CONTENTS
SEC.
C. INTERPRETING CTS 414
1. A MEANINGFUL OPPORTUNITY FOR SUCCESS 415
2. AMANDA ACQUISITION 416
3. COMMERCE CLAUSE ISSUES * 417
CHAPTER 13. DIVIDENDS AND OTHER LEGAL CAPITAL ARCANA - 419
SEC.
13.1 INTRODUCTION - - 419
13.2 MONEY IN: HEREIN OF WATERED STOCK *. 420
A. WATERED STOCK IN DELAWARE LAW TODAY - - 422
B. WATERED STOCK UNDER THE MBCA TODAY 422
13.3 MONEY OUT: DIVIDEND STATUTES 423
A. MODERN DIVIDEND STATUTES 423
1. DELAWARE-* 423
2. MBCA: OLD AND NEW 426
B. DIVIDENDS AND ASSET REVALUATION 428
13.4 REDEMPTIONS AND REPURCHASES - 429
A. DELAWARE LAW 429
B. MBCA 431
C. NOTE ON RELATED LEGAL ISSUES - 431
13.5 STOCK SPLITS AND DIVIDENDS 433
A. STOCK DIVIDENDS - 433
B. STOCK SPLITS 434
C. REVERSE STOCK SPLITS AND FREEZE-OUTS 434
13.6 DIVIDENDS ON PREFERRED STOCK 435
A. CUMULATIVE DIVIDENDS 435
B. CONTINGENT VOTING RIGHTS 437
13.7 SUITS TO COMPEL DECLARATION OF A DIVIDEND 438
CHAPTER 14. CLOSE CORPORATIONS *- 442
SEC.
14.1 EXIT VERSUS VOICE 442
A. CLOSE CORPORATION STATUTES 443
14.2 PRIVATE ORDERING IN CLOSE CORPORATIONS - 444
A. PRIVATE ORDERING OF VOTING RIGHTS 444
1. VOTING TRUSTS 444
2. VOTE POOLING AGREEMENTS 445
B. PRIVATE ORDERING RE DECISIONMAKING AUTHORITY 450
C. PRIVATE ORDERING RE EXIT RIGHTS 454
1. RESTRICTIONS ON TRANSFERABILITY 454
2. BUYOUT AGREEMENTS -- 456
14.3 FIDUCIARY DUTIES IN CLOSE CORPORATIONS 460
A. THE MASSACHUSETTS LINE OF CASES 460
1. THE FIDUCIARY DUTIES OF MAJORITY SHAREHOLDERS 460
2. THE FIDUCIARY DUTIES OF MINORITY SHAREHOLDERS 463
B. CALIFORNIA LAW 465
C. DELAWARE LAW 466
XVI
TABLE OF CONTENTS
SEC.
D. LAWYERS AND FREEZE-OUTS - 467
E. PRIVATE ORDERING OF FIDUCIARY OBLIGATION 468
14.4 DISSOLUTION - 470
A. DISSOLUTION ON GROUNDS OF OPPRESSION AND THE REASON-
ABLE EXPECTATIONS STANDARD 471
B. BUYOUT IN LIEU OF DISSOLUTION - - 472
TABLE OF CASES *. 477
INDEX 493
XVII
|
| any_adam_object | 1 |
| author | Bainbridge, Stephen M. |
| author_facet | Bainbridge, Stephen M. |
| author_role | aut |
| author_sort | Bainbridge, Stephen M. |
| author_variant | s m b sm smb |
| building | Verbundindex |
| bvnumber | BV035456855 |
| callnumber-first | K - Law |
| callnumber-label | KF1416 |
| callnumber-raw | KF1416 |
| callnumber-search | KF1416 |
| callnumber-sort | KF 41416 |
| callnumber-subject | KF - United States |
| classification_rvk | PU 5400 |
| ctrlnum | (OCoLC)272941323 (DE-599)BVBBV035456855 |
| dewey-full | 346.73066 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 346 - Private law |
| dewey-raw | 346.73066 |
| dewey-search | 346.73066 |
| dewey-sort | 3346.73066 |
| dewey-tens | 340 - Law |
| discipline | Rechtswissenschaft |
| edition | 2. ed. |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01651nam a2200445 c 4500</leader><controlfield tag="001">BV035456855</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20141128 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">090428s2009 |||| 00||| eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781599413624</subfield><subfield code="9">978-1-59941-362-4</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)272941323</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV035456855</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-19</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-11</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">KF1416</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">346.73066</subfield><subfield code="2">22</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">PU 5400</subfield><subfield code="0">(DE-625)140638:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Bainbridge, Stephen M.</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Corporate law</subfield><subfield code="c">by Stephen M. Bainbridge</subfield></datafield><datafield tag="250" ind1=" " ind2=" "><subfield code="a">2. ed.</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">New York, N.Y.</subfield><subfield code="b">Foundation Press</subfield><subfield code="c">2009</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">XIX, 508 S.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">Concepts and insights series</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Vorg. u.d.T.: Corporation law and economics / Bainbridge, Stephen M.</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Corporation law</subfield><subfield code="z">United States</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Law and economics</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Kapitalgesellschaft</subfield><subfield code="0">(DE-588)4129472-5</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="651" ind1=" " ind2="4"><subfield code="a">USA</subfield></datafield><datafield tag="651" ind1=" " ind2="7"><subfield code="a">USA</subfield><subfield code="0">(DE-588)4078704-7</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">USA</subfield><subfield code="0">(DE-588)4078704-7</subfield><subfield code="D">g</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Kapitalgesellschaft</subfield><subfield code="0">(DE-588)4129472-5</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="8">1\p</subfield><subfield code="5">DE-604</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">SWB Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017376780&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-017376780</subfield></datafield><datafield tag="883" ind1="1" ind2=" "><subfield code="8">1\p</subfield><subfield code="a">cgwrk</subfield><subfield code="d">20201028</subfield><subfield code="q">DE-101</subfield><subfield code="u">https://d-nb.info/provenance/plan#cgwrk</subfield></datafield></record></collection> |
| geographic | USA USA (DE-588)4078704-7 gnd |
| geographic_facet | USA |
| id | DE-604.BV035456855 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-09T21:35:41Z |
| institution | BVB |
| isbn | 9781599413624 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-017376780 |
| oclc_num | 272941323 |
| open_access_boolean | |
| owner | DE-19 DE-BY-UBM DE-29 DE-11 |
| owner_facet | DE-19 DE-BY-UBM DE-29 DE-11 |
| physical | XIX, 508 S. |
| publishDate | 2009 |
| publishDateSearch | 2009 |
| publishDateSort | 2009 |
| publisher | Foundation Press |
| record_format | marc |
| series2 | Concepts and insights series |
| spelling | Bainbridge, Stephen M. Verfasser aut Corporate law by Stephen M. Bainbridge 2. ed. New York, N.Y. Foundation Press 2009 XIX, 508 S. txt rdacontent n rdamedia nc rdacarrier Concepts and insights series Vorg. u.d.T.: Corporation law and economics / Bainbridge, Stephen M. Corporation law United States Law and economics Kapitalgesellschaft (DE-588)4129472-5 gnd rswk-swf USA USA (DE-588)4078704-7 gnd rswk-swf USA (DE-588)4078704-7 g Kapitalgesellschaft (DE-588)4129472-5 s 1\p DE-604 SWB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017376780&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Bainbridge, Stephen M. Corporate law Corporation law United States Law and economics Kapitalgesellschaft (DE-588)4129472-5 gnd |
| subject_GND | (DE-588)4129472-5 (DE-588)4078704-7 |
| title | Corporate law |
| title_auth | Corporate law |
| title_exact_search | Corporate law |
| title_full | Corporate law by Stephen M. Bainbridge |
| title_fullStr | Corporate law by Stephen M. Bainbridge |
| title_full_unstemmed | Corporate law by Stephen M. Bainbridge |
| title_short | Corporate law |
| title_sort | corporate law |
| topic | Corporation law United States Law and economics Kapitalgesellschaft (DE-588)4129472-5 gnd |
| topic_facet | Corporation law United States Law and economics Kapitalgesellschaft USA |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017376780&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT bainbridgestephenm corporatelaw |