What does BCL stand for?

This constituencies analysis was codified in Pennsylvania's Business Corporation Law primarily as part of the board's antitakeover arsenal.

These requirements mainly appear in the business corporation laws or commercial codes of the countries, and they typically apply to all businesses domiciled within the country, including units of foreign-owned, multinational corporations.

Latty, Why Are Business Corporation Laws Largely "Enabling"?

The pertinent provision of the Indiana Business Corporation Law (IBCL 23-1-40-3(b)(1)) specifically exempts a board from recommending a plan of merger if "the board of directors determines that because of conflict of interest or other special circumstances it should make no recommendation and communicates the basis for its determination to the shareholders with the plan.

189(3) of the Canada Business Corporations Act (CBCA), the federal business corporation law statute, and is more or less mirrored in most of the CBCA's provincial counterparts.

Retention and Deductible Section #727 of the Business Corporation Law calls for the Commissioner of Insurance to set minimum Self-Insured Retentions and Deductibles on D&O Liability coverage.

The lawsuit maintains that the proposed transaction between Sovereign and Santander will give Santander (either alone or in concert with others) voting power over 20% or more of Sovereigns' common stock and, therefore, constitutes a "control transaction" under the Pennsylvania Business Corporation Law.

The litigation is intended to force Del Global to comply with Section 624 of the State Business Corporation Law and asks the Court to order the Company to produce the records, documents and information related to the Company's shareholders that the group is entitled to in connection with its nomination of three candidates for election to the Del Global Board at the Company's Annual Meeting scheduled for May 14, 2003.