Bar Exam Financing, Shares, & Distributions Flashcards
Master 19 financing, shares, & distributions concepts for the Bar Exam.
Question
What are the characteristics of debt securities?
Question
What are authorized shares?
Dividends & Distributions
5 cardsQuestion
When can a shareholder compel a corporation to declare a dividend?
Question
What are the two tests for determining if a corporation is insolvent for distribution purposes?
Piercing the Corporate Veil
6 cardsQuestion
Under the alter ego theory, when can a court disregard the corporate entity?
Question
When is undercapitalization a factor in piercing the corporate veil?
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