Management and Organizational Studies 2275A/B Chapter Notes - Chapter 15: Transact, Debenture, Canada Business Corporations Act

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Philip King

Document Summary

Chapter 15 the corporate form: organizational matters. The corporation: separate legal entity, most shareholders stand to lose is the purchase price of their shares. Stakeholders one who has an interest in the corporation. Consideration required on how management and financial rights are distributed among classes of shares. Can limit number of shares in each class or have it be unlimited: availability of shares. Widely held corporation shares are normally traded on stock exchange. Securities legislation laws designed to regulate transactions involving shares and bonds of a company. Closely held corporation does not sell shares publicly: generally exempt from obligations to securities legislation as long as they meet definition of private corporation. In closely held corporations it is common to have a provision to have a strong interest in controlling who shareholders are. Paws pet food and accessories v paws & shop inc.