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Simple English definitions for legal terms

internal-affairs doctrine

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A quick definition of internal-affairs doctrine:

The internal-affairs doctrine is a rule that says when there is a disagreement between a company and its shareholders, directors, officers, or agents, the law of the state where the company was incorporated will be used to solve the problem. This rule applies in most states, but some states like California and New York have their own requirements for foreign companies. Basically, this rule helps to determine the rights and responsibilities of a company's managers and shareholders, and it is called the internal affairs doctrine.

A more thorough explanation:

The internal-affairs doctrine is a rule that applies in disputes involving a corporation and its relationships with its shareholders, directors, officers, or agents. It states that the law to be applied is the law of the state of incorporation.

For example, if a corporation is incorporated in Delaware and a dispute arises between the corporation and its shareholders, the court will apply Delaware law to resolve the dispute. This doctrine applies in the majority of states, but in some states like California and New York, foreign corporations must meet state-law requirements in specified circumstances.

The internal-affairs doctrine is important because it helps to ensure consistency in the application of corporate law. It allows corporations to know which laws will govern their internal affairs, regardless of where they do business.

internal act | internal affairs of a foreign corporation

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Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
Yeah, it’s tough. I’m distracting myself by playing good video games after work :)
im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
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