1
Q
What statute creates corporations in PA?
A
the PA Business Corporation Law (BCL)
2
Q
Corporate Characteristics
A
- Separate legal entitiy from owner shareholders
- Limited liablity for the shareholders
- Free transferability of interes – shareholders can sell shares to any transferee they want
- Centralized management
PA Corporations
flashcards
Decks in class (12)
# Cards
-
Basics2
-
Forming the Corporation4
-
Filing and Issuance of Certificate of Incorporation2
-
Organizational Meeting & Bylaws2
-
Corporate Purpose and Powers2
-
Defective Incorporation4
-
Piercing Corporate Veil4
-
Promoters and Preincorporation Transactions7
-
Financing the Corporation7
-
Management of the Corporation's Affairs10
-
Duties and Liabilities of Directors and Officers9
-
Shareholders3
