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Simple English definitions for legal terms

internal affairs of a foreign corporation

Read a random definition: jurisdictional fact

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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BulbasaurNoLikeCardio
18:23
Ill just keep arguing for more money off until I get it or they end up paying me to take it lmao
18:24
what other guns ya got
are we losing hope for gtown lol
yeah i dont think gtown does A's this late unfortunately
18:25
it is like 630 on a friday there bud
18:25
think it is safe to say it aint happenin today\
damn it was a slow day today
BulbasaurNoLikeCardio
18:26
I got a custom built Leftie ar15 I run suppressed, a regular ar15, a .270 axis savage bolt gun, xd9, xd40 and have my AR10 I run suppressed.
BulbasaurNoLikeCardio
18:26
I do not think we will see a wave until after thanksgiving. Adcoms will be nice and not ruin someones thanksgiving with an R
18:28
ruin my thanksgiving law schools uwu
PerpetualCheerfulBeaver
18:53
I really thought a texas schools wave was going to hit today...guess it will be December 1
7Rings
19:00
No news is good news 😜
PerpetualCheerfulBeaver
19:10
the mentality im embracing
ClassyPleasantHeron
19:23
You will see some A waves next week, just before Thanksgiving. Schools like to give people things to talk about over the holidays.
19:26
my predict monday berk from earlier td
snow
19:33
Oregon decision rendered…
snow
19:33
Bro why don’t they just tell me lol
damn ive been under review for a month and no movement, when did u apply snow?
snow
19:39
The day apps opened. I still don’t know what the decision is tho lol
Dang. Crossing my fingers for you!!
snow
19:41
Thank you!!
shaquilleoatmeal
19:44
Snow dude wtf you been
snow
19:46
Working! I was prepping for a trial but it got reset!
snow
19:47
Have you don your gulc interview?
JumpySubsequentDolphin
19:47
@snow: snow!!!! I’m in Oregon should I break into admissions office and demand your decision be sent
shaquilleoatmeal
19:49
Better to be prepared than not, otherwise it always happens when you don’t prep
shaquilleoatmeal
19:50
Yea did it a week and half ago, told us we won’t hear anything until end of December if we’re lucky, most likely first week of jan
shaquilleoatmeal
19:50
Said no one works after Monday this week and no one works week of Christmas
shaquilleoatmeal
19:50
So holiday takes time away from app review
snow
19:54
True @shaq and do it jumpy!!
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