Assertion: close corporation's shareholder | /r/CapableOf | manage the company
Facets:
value: in a california close corporation
type: LOCATION
value: effectively
type: MANNER
Source sentences:
text: In extreme cases, where the shareholders of a close corporation are deadlocked and unable to effectively manage the company, the Delaware Court of Chancery may be petitioned by the corporation's directors or shareholders to appoint an impartial provisional director.
text: In a California Close Corporation, shareholders will manage the company instead of appointing outside managers.
text: There must be a written agreement between the shareholders that outlines that the shareholders, not a board of directors, will manage the company.