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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 shareholder(s ...
Pages in category "Defunct companies based in Texas" The following 145 pages are in this category, out of 145 total. This list may not reflect recent changes. ...
The Montrose District was a management district located in Houston, Texas, United States. [1] The land was governed by the Montrose Management District. The approximate boundaries of the district were Dallas Street (north), U.S. Route 59 (Southwest Freeway) (South), Montrose Boulevard (west), and Burlington and Taft Streets (East).
In law, dissolution is any of several legal events that terminate a legal entity or agreement such as a marriage, adoption, corporation, or union. Dissolution is the last stage of liquidation , the process by which a company (or part of a company) is brought to an end, and the assets and property of the company are gone forever.
Judicial dissolution, informally called the corporate death penalty, is a legal procedure in which a corporation is forced to dissolve or cease to exist. Dissolution is the revocation of a corporation's charter for significant harm to society. [ 2 ]
The provisions will then provide for the determination of the "fair market value" of a half share in the business, usually by having it valued by an expert or auditor (or sometimes both in consultation). Once the valuation is made, the party who served the notice must either (a) buy all the other party's share in the business at 125% of the ...
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Location of Texas. Texas is a state in the South Central region of the United States. The region's second-quarter 2018 gross state product was 8.6% of the GDP of the country at $1.755 trillion, with significant growth in mining, quarrying, and oil and gas extraction. [1]
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