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Simple English definitions for legal terms

protective committee

Read a random definition: authorization clause

A quick definition of protective committee:

A protective committee is a group of people who own a special type of stock in a company. They work together to make sure that their interests are protected if the company has to sell all its assets or change the way it operates. This helps to make sure that the stockholders get treated fairly and get the best outcome possible.

A more thorough explanation:

A protective committee is a group of security holders or preferred stockholders who are appointed to safeguard the interests of their group when a corporation is liquidated or reorganized. The committee is responsible for ensuring that the rights of its members are protected during the process.

For example, if a company is going bankrupt, the protective committee may be formed to represent the interests of the bondholders. The committee will work to ensure that the bondholders receive a fair share of the company's assets during the liquidation process.

Another example is when a company is undergoing a major restructuring. The protective committee may be formed to represent the interests of the preferred stockholders. The committee will work to ensure that the preferred stockholders receive fair treatment during the restructuring process.

In summary, a protective committee is a group of investors who work together to protect their interests during a corporate liquidation or restructuring. They are appointed to ensure that their group receives fair treatment and a fair share of the company's assets.

protective appeal | protective order

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
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