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LSDefine

Simple English definitions for legal terms

internal affairs of a foreign corporation

Read a random definition: nomothetics

A quick definition of internal affairs of a foreign corporation:

Internal affairs of a foreign corporation: This refers to matters that involve only the inner workings of a corporation, such as selecting officers and declaring dividends. In the past, courts would not hear cases involving these matters, but now they can if it is appropriate. However, they may choose not to if it would be better for the case to be heard by a court in the state where the corporation is incorporated.

A more thorough explanation:

Definition: Internal affairs of a foreign corporation refer to matters that involve only the inner workings of a corporation, such as dividend declarations and the selection of officers. These matters are usually governed by the laws of the state where the corporation is incorporated.

For example, if a foreign corporation is incorporated in Delaware, the internal affairs of the corporation will be governed by Delaware law. This means that any disputes related to the corporation's internal affairs, such as the election of directors or the issuance of stock, will be resolved according to Delaware law.

While courts used to refuse to hear cases involving the internal affairs of a foreign corporation, modern courts now recognize their jurisdiction to entertain such suits. However, they may still refuse to exercise their jurisdiction if it is more feasible and desirable for the case to be heard by a court in the state of incorporation.

internal-affairs doctrine | internal attack

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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