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Planning For Business Owner Incapacity
- https://www.larkinhoffman.com/media/planning-for-business-owner-incapacity
- Apr 22, 2020 · If the owner isn’t the sole owner and officer of the company, the applicable corporate process should be followed to approve decision-making authority in case of the incapacity of the important officers. This may take the form of Resolutions of the company’s Board of Directors, Shareholders, or Members.
Incapacity Sample Clauses: 1k Samples Law Insider
- https://www.lawinsider.com/clause/incapacity
- Incapacity. If, during the Employment Term hereunder, because of illness or other incapacity, the Executive shall fail for a period of six (6) consecutive months (“Incapacity”), to render the services contemplated hereunder, then the Company, at its option, may terminate the employment hereunder by notice to the Executive, effective on the giving of such notice: provided however, that the ...
Corporation Licenses - DRE
- https://dre.ca.gov/Licensees/Corporation.html
- In the event of death or incapacity of a sole designated officer, a corporation may operate as a licensee without interruption under its existing license if a notice of the death or incapacity and a Corporation Change Application (RE204A) and/or Corporation License Application (RE201) for a new designated officer is postmarked or filed with the Department before midnight of the 10th business …
Duty of Corporate Officers and Directors in Louisiana
- https://digitalcommons.law.lsu.edu/cgi/viewcontent.cgi?referer=&httpsredir=1&article=3622&context=lalrev
- complex corporate issues which come before him. To make errors of business judgment a basis of liability would make officers and directors virtual insurers of a corporation's success and this is a responsibility few would be willing to undertake. Generally, if an officer or director acts in good faith and in
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