Legal Vocabulary

#521

Business judgment rule

Example sentences

1. The legal team reviewed a question about business judgment rule.
2. The judge explained why business judgment rule mattered.
3. The textbook gave a simple example of business judgment rule.

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#522

Conflict of interest

Example sentences

1. The business needed advice about conflict of interest.
2. The meeting included a discussion of conflict of interest.
3. The company kept documents related to conflict of interest.

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#523

Articles of incorporation

Example sentences

1. The lawyer reviewed the articles of incorporation carefully.
2. The articles of incorporation stated important facts, terms, or requests.
3. A clear record of the articles of incorporation was kept in the file.

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#524

Articles of organization

Example sentences

1. The parties read the articles of organization before the meeting.
2. The lawyer checked whether the articles of organization was complete.
3. The articles of organization was added to the official file.

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#525

Bylaws

Example sentences

1. The legal team checked the bylaws before the deadline.
2. The client asked a question about the bylaws.
3. The court examined the bylaws carefully.

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#526

Operating agreement

Example sentences

1. The lawyer reviewed the operating agreement carefully.
2. The operating agreement stated important facts, terms, or requests.
3. A clear record of the operating agreement was kept in the file.

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#527

Partnership agreement

Example sentences

1. The parties read the partnership agreement before the meeting.
2. The lawyer checked whether the partnership agreement was complete.
3. The partnership agreement was added to the official file.

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#528

Incorporation

Example sentences

1. The judge explained the purpose of incorporation.
2. The parties kept records related to incorporation.
3. The lawyer checked each legal requirement connected with incorporation.

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#529

Registration

Example sentences

1. The lawyer explained the meaning and purpose of registration.
2. The parties followed the legal rules related to registration.
3. The court kept a clear record of matters connected with registration.

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#530

Registered agent

Example sentences

1. The registered agent asked for legal advice about the company.
2. The law required the registered agent to act honestly.
3. The report described the actions of the registered agent.

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#531

Corporate veil

Example sentences

1. The corporate veil normally separates the company from its owners.
2. The owners relied on the corporate veil to limit personal liability.
3. The court examined whether the corporate veil should remain in place.

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#532

Piercing the corporate veil

Example sentences

1. The court considered piercing the corporate veil because of fraud.
2. Piercing the corporate veil may make owners personally responsible.
3. The lawyer argued against piercing the corporate veil.

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#533

Limited liability

Example sentences

1. The directors reviewed matters involving limited liability.
2. The lawyer explained how limited liability affected the company.
3. The report contained details about limited liability.

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#534

Authorized shares

Example sentences

1. The business needed advice about authorized shares.
2. The meeting included a discussion of authorized shares.
3. The company kept documents related to authorized shares.

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#535

Issued shares

Example sentences

1. The company asked a lawyer about issues related to issued shares.
2. The board discussed the legal effect of issued shares.
3. The business records included information about issued shares.

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#536

Outstanding shares

Example sentences

1. The directors reviewed matters involving outstanding shares.
2. The lawyer explained how outstanding shares affected the company.
3. The report contained details about outstanding shares.

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#537

Common stock

Example sentences

1. The adviser discussed the value of the common stock.
2. The investor asked questions about the common stock.
3. The market report described the common stock clearly.

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#538

Preferred stock

Example sentences

1. The investor reviewed the preferred stock before investing.
2. The adviser explained the risks of the preferred stock.
3. The report gave clear information about the preferred stock.

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#539

Dividend

Example sentences

1. The directors reviewed matters involving dividend.
2. The lawyer explained how dividend affected the company.
3. The report contained details about dividend.

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#540

Shareholder meeting

Example sentences

1. The business needed advice about shareholder meeting.
2. The meeting included a discussion of shareholder meeting.
3. The company kept documents related to shareholder meeting.

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