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Chs. 33 & 34

Across
Managers have this duty to act in the best interests of the corp's shareholders
This person creates the corp. and is personally liable on contracts unless the corp. adopts the contract
Making a decision that benefits yourself or a company with which you have a relationship
These establish the rules for the day to day conduct of the corporation's affairs
This may be done in a friendly or hostile manner
The Business _________ Rule, if complied with, protects manager from being personally liable for any harm her decision has caused company
Down
_________ the corporate veil (get to personal liability of shareholders because they inadequately capitalized, etc.)
A type of voting where shareholder can pool shares and vote all for same person (favors shareholders)
Many corps form in this state because the laws are known and favorable
Duty of ________ prohibits managers from making a decision that benefits them at the expensive of the corp.
A type of incorporation where the promoter has substantially complied but made minor error in formation