Common use of Protection of Corporation Clause in Contracts

Protection of Corporation. The corporation shall be entitled to recognize the exclusive right of a person registered on its books as the owner of shares to receive dividends, and to vote as such owner, and to hold liable for calls and assessments a person registered on its books as the owner of shares, and shall not be bound to recognize any equitable or other claim to or interest in such share or shares on the part of any other person, whether or not it shall have express or other notice thereof, except as otherwise provided by the laws of Delaware.

Appears in 5 contracts

Samples: Stock Purchase and Standstill Agreement (Craig Corp), Stock Purchase and Standstill Agreement (Craig Corp), Stock Purchase and Standstill Agreement (Citadel Holding Corp)

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