Examples of Corporations Code in a sentence

For a corporation: Pursuant to California Corporations Code Section 313 proof of authority to execute the Agreement is established if one of the corporate officers listed in Column A below and one of the corporate officers listed in Column B below both sign the documents.

More Definitions of Corporations Code

Corporations Code means the California Corporations Code, as amended from time to time, and the provisions of succeeding law. 1.14 “Dissolution Event” means, with respect to any Member, the Bankruptcy or dissolution of any Member; provided, however, that no “dissolution” shall be deemed to have occurred if the dissolution of the Member occurs in connection with a merger, reorganization, or other transaction in which the obligations of the dissolving Member are assumed by another Person. 1.15 “Distributable Cash” means the amount of cash from any source that a Majority in Interest of the Members deems available for distribution to the Members, after considering the Reserve and the purposes of this Company. 1.16 “Economic Interest” means a Member’s or Economic Interest Owner’s share of the Company’s Net Income, Net Losses, and distributions of the Company’s assets pursuant to this Agreement and the Act, but shall not include any other rights of a Member, including, without limitation, the right to vote or participate in the management, or except as required by § 17106 of the Corporations Code and where that requirement cannot be waived by the Operating Agreement, any right to information concerning the business and affairs of Company. 1.17 “Economic Interest Owner” means the owner of an Economic Interest who is not a Member. Operating Agreement for Xxxxxx Quality, LLC