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Powers of Corporations (Express, Implied, & Inherent ...

    https://akawnting.com/lessons/rfbt/corporations/powers-of-corporations/
    Feb 24, 2021 · Specific Powers (RCC Sec. 36-43) Inherent/incidental – are deemed to be within the capacity of corporate entities. Implied/necessary – Exists as a necessary consequence of the exercise of the express powers of the corporation or the pursuit of …

Duties & Responsibilities of Corporate Officers Legal Beagle

    https://legalbeagle.com/6295947-duties-responsibilities-corporate-officers.html
    Implied Authority Implied authority gives corporate officers responsibilities that are not specifically given to them, but stem from the nature of the office. These responsibilities are implicated by the officer and are considered normal and necessary to the office.

Powers of a Corporation Business and the Legal Environment

    https://courses.lumenlearning.com/buslegalenv/chapter/23-1-powers-of-a-corporation/
    Two Types of Corporate Powers. A corporation generally has three parties sharing power and control: directors, officers, and shareholders. Directors are the managers of the corporation, and officers control the day-to-day decisions and work more closely with the employees. The shareholders are the owners of the corporation, but they have little decision-making authority.

Corporate Powers and Management - lardbucket

    https://2012books.lardbucket.org/books/the-law-corporate-finance-and-management/s19-corporate-powers-and-managemen.html
    Section 3.02 of the Revised Model Business Corporation Act (RMBCA) sets out a number of express powers Powers granted to a corporation through statute and its articles of incorporation., including the following: to sue and be sued in the corporate name; to purchase, use, and sell land and dispose of assets to the same extent a natural person can; to make contracts, borrow money, issue notes and bonds, lend money, invest funds, make donations to the public welfare, and establish pension plans ...

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