Examples of Shell Company in a sentence
The Company has never been, and is not presently, an issuer identified as a Shell Company.
Voting Trust Certificates issued and outstanding under this Agreement at the time of such merger, consolidation or transfer may remain outstanding, or the Voting Trustee may, in their discretion, substitute for such Voting Trust Certificates new voting trust certificates in appropriate form, and the term “Shares” as used herein shall be taken to include any shares which may be received by the Voting Trustee in lieu of all or any part of the shares of the BVI Company and (or) the Shell Company.
The Voting Trustee shall, from time to time, pay or cause to be paid to Holder, his pro rata share of any dividends or distributions payable in cash or property, other than voting stock of the BVI Company and(or) the Shell Company, collected by the Voting Trustee upon the Trust Shares.
In the event of the dissolution or total or partial liquidation of the BVI Company and (or) the Shell Company, whether voluntary or involuntary, the Voting Trustee shall receive the moneys, securities, rights or property to which the Holder of Trust Shares are entitled, and shall distribute the same to the Holder.
Until such receipt of release of such shares, the Holder shall from time to time be entitled to receive from the Voting Trustee dividends and distributions payable in cash and property other than voting stock of the BVI Company and(or) the Shell Company, if any, received by or for the account of the Voting Trustee upon such shares.