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A motion to approve the resolution failed on a 1-4 vote by the Health Care Center Committee, but advanced on a 3-2 vote by the Space and Properties Committee. It now moves onto the full Portage ...
Under board policy first adopted in 2014, the district can sell or lease any property it no longer needs or finds suitable as long as two-thirds of the board vote to make that move.
The board in December approved the intent to sell bonds for $4.07 million, but because the project bids came in lower than expected, the bond sale was reduced by $500,000. They also initially ...
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 ]
Unocal v. Mesa Petroleum Co., 493 A.2d 946 (Del. 1985) [1] is a landmark decision of the Delaware Supreme Court on corporate defensive tactics against take-over bids. Until the Unocal decision in 1985, the Delaware courts had applied the business judgment rule, when appropriate, to takeover defenses, mergers, and sales.
The deal kept the team in Glendale for a guaranteed minimum of five years, with a maximum lease going for over 15 years. The team would also change their name from the Phoenix Coyotes to the Arizona Coyotes in the process. On August 5, 2013, the NHL Board of Governors approved the sale of the Coyotes to RS&E. [3]
Joann. The 81-year-old fabric and craft retailer filed for bankruptcy in March, falling victim to customers cutting back on spending, including on fabric, arts and supplies materials. Joann’s ...
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 will often depend to ...
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