Delectus Personae
DELECTUS PERSONAE
[Latin, Choice of the person.] By this term is understood the right of partners to exercise their choice and preference as to the admission of any new members to the partnership, and as to the persons to be so admitted, if any. The doctrine is equally applicable to close and family corporations and is exemplified in the use of restrictions for the transfer of shares of stock.
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Preferred Stock , PREFERRED STOCK
Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common share… Stock , stock / stäk/ • n. 1. the goods or merchandise kept on the premises of a business or warehouse and available for sale or distribution. ∎ a supply or… Choice , Choice
The act of the will that is concerned with means to an end; as such, it is distinct from the act of deliberation that precedes it and from the… Alter Ego , The representation of an other complicit in the subject's narcissism, or self-object, the alter ego refers to the narcissistic need of an other simil… Admission , ADMISSION
ADMISSION , legal concept applying both to debts and facts. Formal admission by a defendant is regarded as equal to "the evidence of a hund… Common Stock , Common stock is the most prevalent form of ownership of a public company, which is a corporation that is owned by public investors. Anyone who gives…
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Delectus Personae