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Newport Beach Business Lawyer.
Do you need the assistance of an Orange County Business Lawyer? Our attorney is experienced in business law and can assist you with all of your business law needs including, Corporations, LLP's, LLC's, Partnership issues, Real Estate Law, and Contract matters. Our Orange County Business & Corporate Lawyer can help.
What is the Statute of Frauds? Do you need the help of an attorney with enforcing the terms of a written contract? Our Orange County lawyer can help you with your legal problem.
What do I need to do to form a partnership? Do you need the assistance of an attorney with a business law matter such as a partnership agreement? Our Orange County lawyer can help.
What are the Directors of the Coproration's duties? Do you need the assistance of an attorney with a corporate law matter such as a shareholder's rights claim?
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Corporations Law: Shareholders Rights
The owners of a corporation are called shareholders. Shareholders own units of the corporation in the form of shares or stock. The individual shareholder’s liability is limited to the investment he makes in the corporation. A corporation may issue stock in the form of common stock or preferred stock. If a shareholder invests in common stock, he has preeminent rights to voting on critical corporation business matters, and in selection of the Board of Directors. If a shareholder invests in preferred stock, he takes preference in matters of dividends, repurchase rights, and stock issuance.
Shareholders may have additional rights depending on the terms of the shares of stock.
Under most circumstances Shareholders are required to make demand on the officers or directors prior to filing a derivative shareholder's lawsuit. Failure to make the demand unless futile could preclude the court granting the remedy requested.
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