close corporation definition

close corporation means a close corporation within the meaning of the Close Corporations Act, 1984 (Act No. 69 of 1984);
close corporation means a juristic person incorporated under the Close Corporations Act, 1984 (Act No. 69 of 1984);
close corporation means a corporation as defined in section 1 of the Close Corporations Act, 1984 (Act No 69 of 1984);

Examples of close corporation in a sentence

  • NRS 78a: Required if the Close Corporation is governed by a board of directors.

  • A legend disclosing the existence of this Close Corporation Agreement shall be noted on the face or back of all Share Certificates.

  • To the extent necessary to make lawful this Code (or any provision hereof) under the laws of the State of Ohio, these Regulations are intended to be governed by Section 1701.591 of the Ohio Revised Code and to qualify thereunder as a Close Corporation Agreement.

  • Notwithstanding anything contained herein to the contrary, the terms of the Operating Agreement and the indemnification provisions of the Close Corporation Agreement and the performance by any party thereto of its obligations thereunder shall not be considered an Affiliate Transaction.

  • The Shareholders and the Company shall have executed and delivered to the Purchaser a written termination of the Company’s Amended and Restated Close Corporation Agreement.


More Definitions of close corporation

close corporation means a corporation as defined in section 1 of the Close Corporations Act, 1988, (Act No. 26 of 1988);
close corporation means a close corporation registered under the Close Corporations Act, 1988 (Act 26 of 1988);
close corporation means a for-profit corporation that elects to be governed as a close corporation in accordance with Subchapter O, Chapter 21.
close corporation. ’ means a juristic person incorporated under the Close 10
close corporation means a close corporation within the meaning of the Close Corporations Act, 1988 (Act No. 26 of 1988);
close corporation means a corporation incorporated under the Close Corporations Act, 1988 (Act No. 26 of 1988);
close corporation means a domestic corporation