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Ab liquidating corp

Such bodies commonly had the right to own property and make contracts, to receive gifts and legacies, to sue and be sued, and, in general, to perform legal acts through representatives.

The event includes activities, shoto-outs, casino, and live auction.

A corporation is a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.

For example, a corporation can own property, and can sue or be sued.

Corporations can exercise human rights against real individuals and the state, Corporations can be "dissolved" either by statutory operation, order of court, or voluntary action on the part of shareholders.

Weekend events include a Friday Night Hangar Party hosted by the du Pont Registry, a Saturday night gala with featured entertainment by a well-known comedian and the famed Concours d' Elegance classic car & motorcycle show on Sunday.

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Shareholders do not typically actively manage a corporation; shareholders instead elect or appoint a board of directors to control the corporation in a fiduciary capacity.

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Corporations chartered in regions where they are distinguished by whether they are allowed to be for profit or not are referred to as "for profit" and "not-for-profit" corporations, respectively.The point was that the incorporation would survive longer than the lives of any particular member, existing in perpetuity.The alleged oldest commercial corporation in the world, the Stora Kopparberg mining community in Falun, Sweden, obtained a charter from King Magnus Eriksson in 1347.Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered into two kinds: by whether they can issue stock or not, or by whether they are formed to make a profit or not.Where local law distinguishes corporations by the ability to issue stock, corporations allowed to do so are referred to as "stock corporations", ownership of the corporation is through stock, and owners of stock are referred to as "stockholders" or "shareholders".These included the state itself (the Populus Romanus), municipalities, and such private associations as sponsors of a religious cult, burial clubs, political groups, and guilds of craftsmen or traders.