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alright welcome to chapter 20 in business law 2 and I am going to cover in this particular chapter corporations and were gonna look at what corporations are involved how they are what sorts of protections they have and what sorts of rights they have then were going to look a little bit at corporate formation and governance and what the duties of various officers and directors and shareholders have and then towards the end of the chapter were going to look at how corporations can combine together and how they can merge and then ultimately how they terminate their lifespan and so were gonna look at all of those wonderful topics in this exciting action-packed chapter of business law so lets get to it so Corporation well a corporation is a creature of state statute and so were not looking at any kind of federal law here this is a state-level law which means youre gonna get a little bit of variation right youre gonna get variation between Wisconsin and Illinois or Ohio or wherever y