Section 11.1.8 Sample Clauses

Section 1118 is a legal provision that allows a shareholder in a closely held corporation to petition the court to compel the corporation or other shareholders to purchase their shares at fair value. In practice, this clause is often invoked in situations where a minority shareholder alleges oppressive conduct by those in control of the corporation, and it provides a mechanism for the shareholder to exit the company without being forced to sell at a disadvantage. The core function of Section 1118 is to protect minority shareholders from unfair treatment and to offer a fair and orderly process for resolving disputes that might otherwise lead to dissolution of the corporation.
Section 11.1.8. 32 An employee may request an attorney of their choosing to be present during an investigation.
View SourceView Similar (3)
Section 11.1.8. Restricted Payments..........................................................................73
View SourceView Similar (2)
Section 11.1.8. Table of Contents, Headings, etc..................................................... 79
View Source

Related to Section 11.1.8

  • SECTION 812 Control by Holders of Securities..........................43 SECTION 813. Waiver of Past Defaults...................................44

  • SECTION 1010 Trust Indenture Act; Conflict with Trust Indenture Act................................54

  • Section 10.11 41 An employee shall forfeit rights to reemployment as provided in Section 10.9. if the employee does not 42 comply with the requirements of Section 10.10., or if the employee does not respond to the offer of 43 reemployment within fifteen (15) days.

  • Section 11.1 28 The District shall have the right to discipline or discharge an employee for justifiable cause. The issue 29 of justifiable cause shall be resolved in accordance with the grievance procedure hereinafter provided.

  • Section 1110 Mortgagee shall be entitled to the benefits of Section 1110 (as currently in effect) with respect to the right to take possession of the Airframe and Engines and to enforce any of its other rights or remedies as provided in the Trust Indenture in the event of a case under Chapter 11 of the Bankruptcy Code in which Owner is a debtor.