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Verna Cook Garvan (1910-1993) was a business woman and philanthropist in the state of Arkansas. Her main business holdings included the Wisconsin & Arkansas Lumber Company, and Malvern Brick and Tile Company. She is the founder and benefactor of Garvan Woodland Gardens in Hot Springs, Arkansas. [1]
Multiple attempts were made in the Arkansas legislature to undermine and disestablish the Dyess colony, an effort culminating on March 10, 1939, when the Arkansas Corporation Commission, serving at Gov. Bailey's pleasure, revoked the Dyess charter for failing to file reports for three years and failing to pay an $11 annual corporation fee. [19]
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 business judgment rule is a case-law-derived doctrine in corporations law that courts defer to the business judgment of corporate executives. It is rooted in the principle that the "directors of a corporation ... are clothed with [the] presumption, which the law accords to them, of being [motivated] in their conduct by a bona fides regard for the interests of the corporation whose affairs ...
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.
New York Supreme Court, Commercial Division, at 60 Centre Street New York courts are frequently called upon to resolve disputes over whether a limited liability corporation (LLC) should be dissolved.
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