MGMT 3100 Lecture Notes - Lecture 8: Corporate Security, Issued Shares, Stock Certificate

• School: York University
• Department: Management
• Course: MGMT 3100
• Professor: Peter Mac Donald

Document Summary

If there are two or more classes of shares, the rights and restrictions attached to each class incorporates choose to include. The corporate name: must not associate with the government or certain professional bodies, or that are scandalous or obscene, can be a number name as well, limited, incorporated or corporation must be part of the name. Bylaws: the internal working rules of a corporation: flexible, requiring confirmation by only a simple majority of shareholders. First set of bylaws: deals with matters such as elections of directors, quorum, terms of office etc. Shareholder resolutions about authorizations to sell property or amalgamation with other companies approval requirements. Private corporations: corporations with a restricted number of shareholders prohibited from issuing their shares to the general public. (incorporate small businesses, where #of people is low) Distributing corporation: a corporation that issues its securities to the public, also referred to as an issuing corporation, reporting issuer, and publicly traded corporation.