Professional Documents
Culture Documents
Contents
@e naLure and urposes of Le CorporaLlon 3
SeparaLe legal exlsLence 3
lndeflnlLe uuraLlon 3
SeparaLlon of Cwnerslp and ConLrol 6
LlmlLed LlablllLy 6
Sareolders powers 6
lerclng Le corporaLe vell 6
Walkovszky v CarlLon (1966) 7
LnLerprlse LlablllLy 7
SeaLand Servlces v epper Source (1991) 8everse vell lerclng 7
8everse lerclng SLandard lo te lbllllps 8
ln re Slllcone Cel 8reasL lmplanL roducLs LlablllLy LlLlgaLlon (1993) 8
SLro v 8lackawk Poldlng Corp (1971) p 243 of supplemenL 10
LnLlLy Colce 11
Ceneral parLnerslp 12
AdvanLages Lo general parLnerslps 12
ulsadvanLages of a general parLnerslp sLrucLure 12
8emember Lese facLors Lo conslder (from slldes llsLed ln leowlck and ln casebook pp 8890) 13
lenwlck v unemploymenL CompensaLlon Commlsslon (1943) p 33 13
MarLln v eyLon (1927) andouL 13
uA 13 14
uA 40 14
LlmlLed arLnerslp 14
LlmlLed LlablllLy arLnerslp 14
LlmlLed LlablllLy LlmlLed arLnerslp 14
LlmlLed LlablllLy Company 14
lormaLlon 13
ArLlcles of CrganlzaLlon V203 13
May nC@ vary Le nonwalvable rlgLs under V103(b) 13
Members' lnLeresL 16
lerclng Le LLC vell 17
CorporaLe lormaLlon 17
8ylaws 17
age 2 of
Calavlz v 8erg (nu Cal 2011) 17
5ootbetoColf Motloe co No 9 loc v comctoft loc 18
lnLernal Affalrs uocLrlne 18
Wy uelaware? 18
urpose of a CorporaLlon 20
uoJqe v lotJ (1919) 20
Al 5mltb Mfq co v 8otlow (1933) 20
8uslness !udgmenL 8ule 21
Slensky v Wrlgley (1968) 21
SLaLe Law llduclary uuLles 21
uuLy of Care 21
uCCL V 22
ltoocls v uolteJ Ietsey 8ook (1981) 22
Clnemark lnc v @ecnlcolor 22
uuLy of LoyalLy vs uuLy of Care 23
uuLy of LoyalLy Case Analysls 23
8oyet v 8etoo 23
uCCL V144 lnLeresLed ulrecLors 23
CorporaLe CpporLunlLy @esL 24
SLaLe Law llduclary uuLles CbllgaLlon of Cood lalL CompensaLlon and CverslgL 24
Zan v @ransAmerlca Corp (1947) 24
lo te wbeelobtotot 1ecbooloqles loc 5botebolJets lltlqotloo (1993) 23
Sareolder 8aLlflcaLlon 23
rlnclpalAgenL 8elaLlonslps 26
CorporaLe Cfflcers as AgenLs 26
AgenL AuLorlLy ln ConLracL 27
Mlll 5t cbotcb of cbtlst v noqoo (1990) 27
uweck v Nosset (2008) 27
J70 leosloq cotpototloo v Ampex cotpototloo (1976) 28
AgenL AuLorlLy ln @orL 28
Pumble Cll 8eflnlng Co v MarLln (1949) 28
noovet v 5oo Oll co (1963) 29
Motpby v nollJoy loos loc (1973) 29
CorporaLe Law uuLles and roLecLlons of Cfflcers 30
SanLa le lndusLrles lnc v Creen (1977) 33
age 3 of
lnslder @radlng 33
ulsLrlbuLlon of ower 8eLween Sareolders and Managers 33
loqlloq 8tos 8otoom 8olley combloeJ 5bows v loqlloq (1947) 34
McOooJe v 5tooebom (1934) 34
clotk v uoJqe (1936) 33
roxy voLlng and ConLesLs 33
@oplcs and Cases 8elaLlng Lo roxles 33
levlo v MCM (1967) 36
oseofelJ v loltcbllJ oqloe Altplooe cotp (1933) 36
Il cose co v 8otok (1964) 37
SecurlLles Lxcange AcL V 14(a) 37
SLC 8ules for roxy ConLesLs 38
8ases for Lxcludlng Sareolder roposals 38
Al5cM v AlC (2006) 39
cA loc v Al5cM (2008) 39
Sareolder Access 39
ctooe co v AoocooJo (1976) 40
LlmlLaLlon l8C 8ule 231 41
Sareolder LlLlgaLlon 41
ulrecL vs uerlvaLlve SulLs 41
8aLlonal lalnLlff and Le uemand 8equlremenL 42
uemand luLlllLy Wen ls demand excused? 42
SLandards for revlewlng sareolder llLlgaLlon 42
lndependenL CommlLLees lacLors consldered 42
lseobetq v llyloq 1lqet lloe loc (1971) 42
Ctlmes v uooolJ (1996) 43
Motx v Akets (1996) 43
Aoetbocb v 8eooett (1979) 44
2opoto v MolJoooJo (1981) 44
lo te Otocle cotp uetlvotlve lltlqotloo (2003) 44
Mergers AcqulslLlons and @akeovers 43
@ypes of AcqulslLlons 43
@ypes of Mergers 43
Cooslng 8eLween a Merger and an AsseL Sale 43
lottls v Cleo AlJeo cotp (1938) 46
age 4 of
notltoo v Atco lecttoolcs (1963) 46
Cas ouL Mergers 47
coqqlos v New oqlooJ lottlots lootboll clob (1986) 47
obklo v lblllp A noot cbemlcol cotp (1983) 48
ooscb v cA cotp (1988) 48
vC5 loc v costlel (2000) 48
cbeff v Motbes (1964) 49
uoocol cotp v Meso lettoleom (1983) 49
evloo loc v McAoJtews lotbes nolJloq loc (1983) 30
lotomooot commoolcotloos v 1lme (1989) 30
lotomooot commoolcotloos v Ovc Netwotk (1994) 30
age of
CuLllne
Monday AugusL 29 2011
1032 AM