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BA Corporations Flow Chart

BA Corporations Flow Chart

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Published by: Megan Lindsay Ruffin on Dec 02, 2011
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Corporation Law Structural Flow Chart (Model Business Corporation Act

)
Business Associations: Professor Gordon Christy

Formation and Organization
Incorporators (§2.01) Articles (§2.02) Incorporation (§2.03)

Financial Rights

Shareholder Rules Voting and Approval Rights
*7.32* Shareholder Meetings (§7.01, §7.02, §7.03) Notice of Meeting (§7.05) Waiver of Notice (§7.06)

Management Rights Directors / Officers
Shareholder Agreements (§7.32) Board of Directors’ Powers of Oversight (§8.01) Qualification, Number & Election of Directors (election at annual shareholder’s meeting) (§8.02 / §8.03) Class Election (§8.04) Indemnification of Officers (§8.56) Insurance (§8.57) Limitation (§8.59)

Management Duties
Standards of Conduct – Directors (§8.30) Director’s Liability (§8.31) Standards of Conduct of Officers (§8.42)

Amendments

Merger and Asset Sales
Definitions (§11.01) Merger (§11.02) Share Exchange (§11.03)

Dissolution and Liquidation
By Incorporators or Initial Directors (§14.01) By Board of Directors & Shareholders (§14.02) Articles of Dissolution (§14.03)

Liability of Shareholders (§6.22) Authorized Shares Common & Preferred (6.01 / 6.02) Issued & Outstanding (6.03)

Amendments to Articles Authority to Amend (§10.01) Before Issuance of Shares (§10.02) By Board of Directors and Shareholders (§10.03)

Liability for PreIncorporation Transactions (§2.03) Organization (§2.04)

Issuance of Shares & Consideration (6.21) Share Dividends (6.23)

Record Date (§7.07)

Conduct of Meeting (§7.08)

Bylaws (§2.06)

Share Certificates Form and Content (§6.25) Shares without Certificates (§6.26) Share Transfer Restrictions (§6.27) Preemptive Rights (§6.30) Repurchase of Shares (§6.31) Distributions to Shareholders *(§6.40)* Note: Characteristics of Common and Preferred Shares Director’s Liability (§8.33)

Unanimous Written Consent of Shareholders (§7.04) Voting (§7.20, §7.21, §7.22) Quorum (§7.25) Election of Directors & Cumulative Voting (§7.28) Voting Agreements (§7.31) Voting Trusts (§7.30) Voting on Article Amendments (§10.03 / §10.04) Voting on Bylaw Amendments (§10.20) Voting on Merger (§11.04) Voting on Asset Dispositions (§12.02) Dissolution by Board of Directors & Shareholders (§14.02) Note: Inspection Rights (§16.02 - §16.03)

Terms of Office 1-3 Years Reduction in Number (§8.05) Staggered Terms (§8.06)

Special Articles Amendments by Board of Directors (§10.05) Certain Dispositions of Assets (§12.01) Inspection of Records (§16.05)

Directors’ Liability for Unlawful Distributions (§8.33) (See §640) Directors’ Conflicting Interest Transactions (§8.60 - §8.63)

Voting on Amendments (§10.04)

Action on a Plan of Merger or Share Exchange (§11.04) Merger btw Parent and Subsidiaries or btw Subsidiaries (§11.05) Articles of Merger or Share Exchange (§11.06) Effect of Merger or Share Exchange (§11.07) Abandonment of a Merger or Share Exchange (§11.08) Right to Appraisal and Payment for Shares (§13.01- §13.03) Appraisal Rights (§13.20) Notice of Intent to Demand Payment (§13.21) Appraisal Notice and Form (§13.22)

Revocation of Dissolution (§14.04)

By Board of Directors (§10.05)

Effect of Dissolution (§14.05)

Maintenance of Corporate Records Corporate Records (§16.01) Inspection of Records by Shareholders (§16.02) Scope of Inspection Right (§16.03) Court-Ordered Inspection (§16.04) Inspection of Records by Directors (§16.05) Exception to Notice Requirement (§16.06) Financial Statements for Shareholders (§16.20) Other Reports to Shareholders (§16.21)

Articles of Amendment (§10.06)

Purposes (§3.01) General Powers (§3.02) Ultra Vires (§3.04) Corporate Name (§4.01) Reserved Name (§4.02) Registered Name §4.03)

Resignation (§8.07) Removal and Vacancies (§8.08, §8.09, §8.10) Compensation (§8.11) Directors’ Meetings (§8.21, §8.22, §8.23, §8.24) Action by Unanimous Written Consent (§8.21) Appointment of Officers (§8.40)

Shareholder Inspection Rights (§16.02, §16.03, §16.04)

Restated Articles of Incorporation (§10.07) Amendment Pursuant to Reorganization (§10.08) Effect of Amendment (§10.09)

Known and Other Claims Against Dissolved Corporations (§14.06 - §14.07) Court Proceedings (§14.08) Director Duties (§14.09) Grounds for Administrative Dissolution (§14.20) Procedure & Effect (§14.21) Reinstatement after Administrative Dissolution (§14.22) Appeal from Denial of Reinstatement (§14.23) Grounds and Procedure for Judicial Dissolution (§14.30 - §14.31) Receivership or Custodianship (§14.32) Decree of Dissolution (§14.33) Election to Purchase in Lieu of Dissolution (§14.34)

Amendments to Bylaws Amendment by Board of Directors or Shareholders (§10.20) Bylaw Increasing Quorum or Voting Requirement for Directors (§10.21)

Registered Officer / Agent (§5.01) Service on Corporation (§5.04) See 1.23, 1.28, 1.41

Functions of Officers (§8.41) Resignation / Removal (§8.43) Contract Rights (§8.44) Indemnification: Directors (§8.50, §8.51, §8.52) Advances of Expenses (§8.53)

Perfection of Rights; Right to Withdraw (§13.23) Payment (§13.24) After-Acquired Shares (§13.25) Procedure for Dissatisfied Shareholder (§13.26) Judicial Appraisal (§13.30 - §13.31)

31) Directors’ Meetings (§8.31) Service on Corporation (§5.03) Effect of Amendment (§10.26) Judicial Appraisal (§13.23.11) Scope of Inspection Right (§16.24) Receivership or Custodianship (§14. 1.§13.41) Financial Statements for Shareholders (§16.30) Election of Directors & Cumulative Voting (§7.25) Decree of Dissolution (§14.23.31) Reserved Name (§4.50.28) Compensation (§8.21) Payment (§13. §8.30 .22) Appraisal Rights (§13.04) Inspection of Records by Directors (§16.03) Note: Characteristics of Common and Preferred Shares Voting on Article Amendments (§10.31) Election to Purchase in Lieu of Dissolution (§14.22) Appeal from Denial of Reinstatement (§14.04) Other Reports to Shareholders (§16.01) Repurchase of Shares (§6.03) Grounds for Administrative Dissolution (§14.§16.Corporation Law Structural Flow Chart (Model Business Corporation Act) Business Associations: Professor Gordon Christy Ultra Vires (§3.20) Procedure & Effect (§14. §8.22.04) Preemptive Rights (§6.20) Registered Name §4.28.03 / §10.44) Functions of Officers (§8.02) Note: Inspection Rights (§16.02) Dissolution by Board of Directors & Shareholders (§14.09) Right to Appraisal and Payment for Shares (§13. Right to Withdraw (§13.§13. §8.02 .03) Advances of Expenses (§8.01) Director’s Liability (§8.§14.40) Exception to Notice Requirement (§16.30) Voting Agreements (§7.21) Notice of Intent to Demand Payment (§13.53) Indemnification: Directors (§8.52) Procedure for Dissatisfied Shareholder (§13.23) See 1.02) Distributions to Shareholders *(§6.21) Court-Ordered Inspection (§16.32) After-Acquired Shares (§13.20) Voting on Merger (§11. §8.06) Bylaw Increasing Quorum or Voting Requirement for Directors (§10.20) Perfection of Rights.04) Voting on Asset Dispositions (§12.43) Contract Rights (§8.23) Grounds and Procedure for Judicial Dissolution (§14.33) Voting on Bylaw Amendments (§10.30 . §8. 1.41 .01.51.21.34) Resignation / Removal (§8.05) Amendments to Bylaws Amendment by Board of Directors or Shareholders (§10.21) Reinstatement after Administrative Dissolution (§14.21) Registered Officer / Agent (§5.04) Appointment of Officers (§8.33) Appraisal Notice and Form (§13.40)* Voting Trusts (§7.20) Corporate Name (§4.24) Action by Unanimous Written Consent (§8.

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