Proper purpose means a purpose that is reasonably related to a person's interest as a shareholder or member of a corporation.

Proper purpose means a purpose reasonably related to the demanding member's interest as a member.

Proper purpose means a purpose reasonably related to the demanding shareholder's interest as a shareholder; and

Examples of Proper purpose in a sentence

Proper purpose means a purpose that is reasonably related to a person's interest as a member.
Takeover Corp = “offeror” and target Corp = “offeree.” This regulation in Canada reflects the Proper purpose doctrine: (1) Disclosure of information by offeror (>20% bid = de facto control) to offeree (SH):Takeover bid circular – identify who they are, what financial resources they have, what existing shares they already own.
Proper purpose test is inconsistent with the general discretion of the Board to act in the best interests of the corporationD’s actions are improper where they are not in the BI of the corporationTeck Corp.
In the case of internal threats, does it involve genocide and other large-scale killing, ethnic cleansing or serious violations of international humanitarian law, actual or imminently apprehended?(b) Proper purpose.
Proper purpose means and includes the following circumstances in this section.:3-0045.01 PERSONAL USE.

More Definitions of Proper purpose

Proper purpose means the preparation and review of any federal, state or local tax filing or governmental report, filing, or application and defending or enforcing rights against third parties or defending or enforcing rights under this Agreement.

Proper purpose means a purpose reasonably related to the demanding member's or director's interest as a member or director.

Proper purpose means a purpose reasonably related to the demanding shareholder's or director's interest as a shareholder or director; and

Proper purpose means any of the following:

Proper purpose means a purpose reasonably related to the demanding member’s interest as a member.

Proper purpose means a purpose connected with the proper exercise of the rights of a shareholder as shareholder and not, for example, as a litigant in proceedings against the company or as a bidder under a takeover scheme: Cescastle Pty Ltd v Renak Holdings Ltd (1991) 6 ACSR 115 (Cescastle) at 117-118.

Proper purpose means a purpose reasonably related to the demanding member’s or director’s interest as a member or director.