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The sale in the meantime by a stockholder of his shares in a corporation or company automatically revokes any proxies made or given to vote in respect of such shares. [68] And a proxy is also revoked where the party giving it attends the election in person, or gives subsequent proxy. [69]
t. e. An S corporation (or S Corp), for United States federal income tax, is a closely held corporation (or, in some cases, a limited liability company (LLC) or a partnership) that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. [ 1] In general, S corporations do not pay any income taxes.
A recall election (also called a recall referendum, recall petition or representative recall) is a procedure by which, in certain polities, voters can remove an elected official from office through a referendum before that official's term of office has ended. Recalls appear in the constitution in ancient Athenian democracy. [ 1]
For United States income tax purposes, a business entity may elect to be treated either as a corporation or as other than a corporation. [ 1] This entity classification election is made by filing Internal Revenue Service Form 8832. Absent filing the form, a default classification applies. U.S. corporations of the type that can be publicly ...
Corporate personhood. Corporate personhood or juridical personality is the legal notion that a juridical person such as a corporation, separately from its associated human beings (like owners, managers, or employees), has at least some of the legal rights and responsibilities enjoyed by natural persons. In most countries, a corporation has the ...
Ramthun previously ran a gubernatorial campaign in 2022 rooted in an illegal and impossible push to revoke Wisconsin's 10 electoral votes for Democratic President Joe Biden, finishing third in the ...
The voting technology company Smartmatic can move forward with its defamation lawsuit against Fox Corporation, a New York judge ruled Wednesday, dealing a blow to the parent company of Fox News ...
A 501 (c) organization is a nonprofit organization in the federal law of the United States according to Internal Revenue Code (26 U.S.C. ยง 501 (c)). Such organizations are exempt from some federal income taxes. Sections 503 through 505 set out the requirements for obtaining such exemptions. Many states refer to Section 501 (c) for definitions ...