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Stockholder Ratification means the ratification of this Agreement by the affirmative vote of the holders of a majority of the voting power of the outstanding Common Stock entitled to vote, and present, or represented by proxy, at a meeting of stockholders of the Company (or any adjournment or postponement thereof) duly
What is a defective corporate act?
Defective Corporate Action A defective corporate act is any act or transaction that would have been within the power of the corporation at the time taken but which is void or voidable due to a failure of authorization.
What is shareholder ratification?
shareholder ratification is limited to circumstances where fully informed shareholders specifically approve direc- tor action that does not legally require shareholder approval to become effec- tive.
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The treaty creates international standards for registration of contracts of sale (including dedicated registration agencies), security interests (liens),
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