LAW 1310 Lecture Notes - Lecture 4: Double Taxation, Uniform Partnership Act
13 Feb 2018
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It"s a (cid:272)o(cid:374)tra(cid:272)t, a legal right to (cid:271)uy a spe(cid:272)ifi(cid:272) (cid:374)u(cid:373)(cid:271)er of shares i(cid:374) the future at a spe(cid:272)ifi(cid:272) price. When the stock option price is higher than the market price, so the owner of the stock option is not going to pay extra so he/she waits until the price goes back up again. Dissolution (closing, going out of business) of corporation. Most businesses go out of business out of bankruptcy, but we are not talking about that since that is federal. Shareholders voluntarily vote for the closure of the business. That means it voluntarily shuts down the business, sells the assets and pays off the bills. The shareholders get their money and go their separate ways. Voluntary dissolution by shareholders vote is usually a happy occasion. One way to dissolve a corporation under state corporate law: involuntary dissolution by the state a. g. (attorney general)
