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2. Texas secession movements - Wikipedia

   en.wikipedia.org/wiki/Texas_secession_movements

   In January 2013, members of the TNM rallied at the state capital in Austin to promote the resolution, resulting in one mention of secession by one lawmaker on the opening day of the legislative session. [21] In May 2016, the Texas GOP narrowly rejected bringing a resolution for secession to a floor vote at the 2016 Texas Republican Convention. [39]

3. Shotgun clause - Wikipedia

   en.wikipedia.org/wiki/Shotgun_clause

   Shotgun clause. A shotgun clause (or Texas Shootout Clause [1]) is a term of art, rather than a legal term. It is a specific type of exit provision that may be included in a shareholders' agreement, and may often be referred to as a buy-sell agreement. The shotgun clause allows a shareholder to offer a specific price per share for the other ...

4. Deadlock provision - Wikipedia

   en.wikipedia.org/wiki/Deadlock_provision

   Deadlock provision. A deadlock provision, or deadlock resolution clause, is a contractual clause or series of clauses in a shareholders' agreement or other form of joint venture agreement which determines how disagreements on key issues are to be resolved in relation to the management of the enterprise. The drafting of the deadlock provisions ...

5. Corporate resolution - Wikipedia

   en.wikipedia.org/wiki/Corporate_resolution

   Corporate resolution. A corporate resolution is a document issued by a board of directors, outlining a binding corporate action. [1] Resolutions may authorize routine transactions such as opening corporate accounts, or adopting a fictitious business name. [2] Others may be used to delegate, approve, or rescind decision-making authority to ...

6. Texas two-step bankruptcy - Wikipedia

   en.wikipedia.org/wiki/Texas_two-step_bankruptcy

   Means test. DIP. v. t. e. A Texas two-step bankruptcy is a two-step bankruptcy strategy under US bankruptcy law in which a solvent parent company spins off liabilities into a new company, and then has that new company declare bankruptcy. [1] In the first step, the parent company undergoes a Texas divisive merger, which allows companies to split ...

7. Corporation sole - Wikipedia

   en.wikipedia.org/wiki/Corporation_sole

   A corporation sole is a legal entity consisting of a single ("sole") incorporated office, occupied by a single ("sole") natural person. [1] [2] This structure allows corporations (often religious corporations or Commonwealth governments) to pass without interruption from one officeholder to the next, giving positions legal continuity with subsequent officeholders having identical powers and ...