Control & Capitalization Flashcards
1
Q
Cumulative voting
A
A. Ensures that anyone with a large enough stock will always get a seat on the board. (Can distribute votes
2
Q
POOLONG agreements
A
A. Lawful and enforceable
B. They are just a contract where people can vote together
3
Q
voting trust
A
A. Giving your votes to another person.
1. You can take the votes back
4
Q
default rule straight voting
A
1 share 1 vote
5
Q
Direcotrs must have
A
unfetered discretion to vote as they please- cant bind directors
6
Q
LCCs you can bind
A
anyone to anything.
