Proper purpose definition

Proper purpose means a purpose that is reasonably related to a person's interest as a shareholder or member of a corporation.
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Proper purpose means a purpose reasonably related to the demanding member's interest as a member.
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Proper purpose means a purpose reasonably related to the demanding shareholder's interest as a shareholder; and
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Examples of Proper purpose in a sentence

  • Acting for a Proper purpose, consistent with the Council's purposes and vision.

  • Proper purpose means a purpose that is reasonably related to a person's interest as a member.

  • Proper purpose – SH seeking inspection to protect interest as a SH.

  • Proper purpose - a director must exercise the powers that are vested in him for the purpose for which they were conferred and not for some personal or collateral, or some other improper purpose.

  • Proper purpose, by means, whether it is clear that the primary purpose of the proposed military action is to halt or avert the threat in question, whatever other purposes or motives may be involved.


More Definitions of Proper purpose

Proper purpose means the preparation and review of any federal, state or local tax filing or governmental report, filing, or application and defending or enforcing rights against third parties or defending or enforcing rights under this Agreement.
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Proper purpose means a purpose reasonably related to the demanding shareholder's or director's interest as a shareholder or director; and
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Proper purpose means a purpose reasonably related to the demanding member's or director's interest as a member or director.
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Proper purpose means any of the following:
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Proper purpose means a purpose reasonably related to the demanding member’s interest as a member.
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Proper purpose means a purpose connected with the proper exercise of the rights of a shareholder as shareholder and not, for example, as a litigant in proceedings against the company or as a bidder under a takeover scheme: Cescastle Pty Ltd v Renak Holdings Ltd (1991) 6 ACSR 115 (Cescastle) at 117-118.
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Proper purpose means a purpose that is directly related to the
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