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Simple English definitions for legal terms

provisional director

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A quick definition of provisional director:

A provisional director is someone who is appointed by a court to help manage a company when the regular directors can't agree on what to do. They are like a temporary boss who helps make important decisions until the regular directors can figure things out.

A more thorough explanation:

A provisional director is a person appointed by a court to serve on a close corporation's deadlocked board of directors. A close corporation is a type of corporation that has a limited number of shareholders and is not publicly traded. When the board of directors of a close corporation is unable to make decisions due to a deadlock, a provisional director can be appointed to break the tie and make decisions on behalf of the corporation.

For example, if a close corporation has three directors and they are unable to agree on a decision, a court may appoint a provisional director to break the tie and make the decision for the corporation. The provisional director is not a permanent member of the board of directors and is only appointed for a specific period of time until the deadlock is resolved.

provisional attachment | provisional exit

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Dkk
23:51
Lmfao maybe so
FINISHED MY BOTTLE OF MARKERS MARK
Dkk
23:53
Congrats!
CynicalOops
23:54
lets go kid
23:54
Cabernet Sauvignon University Accepted $$$$+
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We are rocking it tonight
MAKERS MARK UNIVERSITY FULL SCHOLARSHIP COMMITTED
23:55
Don't usually drink wine but tonight's The night for it
23:55
@CurvyHypnoticSheepdog: Party hard
texted the girl I hooked up with last month
JumpySubsequentDolphin
23:58
wow 😞
triplethread
23:58
Nooooooo
CynicalOops
23:58
good curvy
CynicalOops
23:59
hypnotize her u sheepdog
CynicalOops
23:59
i kind of like that
CynicalOops
23:59
a hypnotic sheepdog
@JumpySubsequentDolphin: don't worry I just texted to check in bc last time I saw her she had some mental health struggles
@JumpySubsequentDolphin: ur still wifey always
happy to report she is in a much better place now
Dkk
0:09
Rest in peace!
0:12
lmfao
still alive brother
Dkk
0:15
ahh yeah ik, I am just fucking around.
triplethread
0:16
Now text her asking if she wants to fuck now that she’s better
just did
JumpySubsequentDolphin
0:17
you failed the test
jk I didn't I am happily conversing with my roommate on the couch while we play spiderman on the ps5
Dkk
0:22
This is me when I hear spiderman: https://www.youtube.com/watch?v=IwnoW6g-wtA
yeezy yeezy yeezy
triplethread
0:33
Just jumped over jump man
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