Examples of VBCA in a sentence
The Merger shall have the effects set forth in Section 11.06 of the VBCA.
The Company will submit the transactions contemplated by this Agreement, including the Merger, for the Company Shareholder Approval (as set forth in Section 3.22 hereof) pursuant to Section 13.20(a) of the VBCA at the Company Shareholder Meeting, the notice of which will include a copy of Chapter 13 of the VBCA and will state that the shareholders are or may be entitled to assert dissenters’ rights thereunder.
The following is a brief discussion of some important concepts under the VBCA.
Like the VBCA for business corporations, Vermont has adopted national uniform statutes to govern general partnerships and limited partnerships.The primary difference between these two types of partnerships is the imposition of personal liability on each partner in a general partnership; whereas, in a limited partnership, the limited partners are not personally liable for the debts of the partnership.
As with the VBCA, the VNCA is a general corporation statute enacted by the Vermont legislature and is based upon a model act drafted by the American Bar Association.The provisions governing the formation, and subsequent management, of a nonprofit corporation are substantially similar to those governing a business corporation.
Staff are meeting with the Sub-committee of the VBCA on the 22 October to discuss the Field Day and planting of Koala corridors which are also part of the project.
In accordance with Section 13.22 of the VBCA, the Company will deliver a written dissenters’ notice to all shareholders who timely submit an intent to demand payment for their shares, and who otherwise comply with Section 13.21 of the VBCA.
If any such holder fails to perfect or otherwise waives, withdraws or loses such holder’s right to dissent under the VBCA or other applicable Law, then such Dissenting Shares shall be deemed to have been converted as of the Effective Time into, and to have become exchangeable solely for, the right to receive the Merger Consideration as provided in Section 2.1(a), without interest.
The VBCA was based upon the Model Business Corporation Act drafted by the American Bar Association (the “MBCA”).
A third and more interesting example would be the process of selecting mutants in genetic screens whereby a population of an organism is mutated and individuals displaying a desired charac- teristic are selected under perhaps extreme condi- tions.