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Legal Aspects of Business: Ch 25 & 26

Across
Distributions of profits earned by the corporation
A legal entity that is treated as an artificial person by the law
When one corporation absorbs the other
Individuals who forms a corporation by bringing together interested parties and taking preliminary steps
A business owned by one person
Also called a stockholder; a person who owns one or more shares of stock
Occurs when all of the business assets are sold, all debts are paid, and the corporate existence is ended
Unsecured bonds
Written promises to pay back money borrowed by the corporation
Down
Responsible for providing general guidance for the corporation
A shareholder who does not wish to attend meetings can still vote by _______
An association of two or more persons to carry on, as co-owners, a business for profit
When two corporations cease to exist and a new corporation is formed
Rules and regulations for the internal management of its affairs