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.