COMMERCE

severable contract

A severable contract is a contract with two or more agreements that are distinct enough to where the unenforceability or breach of one does not nullify the enforceability of the other.

Generally, a party who fails to fully...

sex trafficking

Sex trafficking is a form of human trafficking which transports or exploits persons to use them for sexual acts. Title 22, Section 7102 of the U.S. Code defines sex trafficking as “the recruitment, harboring, transportation, provision,...

sham transaction

A transaction that is unlawful or illusory. Illusory transactions that exist on paper but have no tangible consequences may be voided in court, especially if used as a tax shelter or other deceptive device.

share

A specific portion of money or other capital. Business partners usually contribute a specific share of capital to their partnership, and are then owed a share of the profits. Corporations can also issue shares of capital stock to increase the size of...

shareholder

Definition

A person who owns stock in a corporation.

See also Common stock Preferred stock

shareholder derivative suit

A shareholder (stockholder) derivative suit is a lawsuit brought by a shareholder or group of shareholders on behalf of the corporation against the corporation’s directors, officers, or other third parties who breach their duties.The claim of...

shareholder's derivative action

A shareholder (stockholder) derivative action (suit) is a lawsuit brought by a shareholder or group of shareholders on behalf of the corporation against the corporation’s directors, officers, or other third parties who breach their duties.The...

shareholders' agreement

A shareholders’ agreement is a contract that regulates the relationship between the shareholders and the corporation. The agreement will detail what models or forms which the corporation should run and outline and the basic rights and...

shareholders' meeting

A shareholders’ meeting is a meeting held by the shareholders of a company to discuss the arrangements of the company or to vote in the election of board members. The shareholders should participate in the meeting in person; however,...

shelf offering

Shelf offerings are a public offering of securities where the issuer can make multiple offerings based on the same prospectus, known as the core prospectus, as opposed to filing a new registration statement with every offering. Also referred...

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