Chapter 10 Flashcards
1
Q
Explain ORDINARY resolution
A
1
2
Q
Explain SPECIAL resolution
A
2
3
Q
Explain resolutions REQUIRING SPECIAL NOTICE
A
3
4
Q
What is a quorum for meeting?
A
4
5
Q
Who is a proxy and his/her rights?
A
5
6
Q
How is a receiver appointed?
A
7
7
Q
What is the disqualification for a receiver?
A
8
8
Q
Duties of a Liquidator
A
9
9
Q
Briefly explain the 2 types of winding up.
A
10
10
Q
State 2 INSTANCES where a SPECIAL NOTICE of a resolution is REQUIRED
A
special notice = ordinary resolution
11
Q
State 4 INSTANCES where a SPECIAL resolution is REQUIRED
A
there are 4
