First Sentence:
A corporation is a type of legal institution or concept that defines relationships among people.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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par value statutes, central clearing corporation, watered stock liability, strict common law approach, electing close corporations, litigation committee composed, share transfer restrictions, unwanted tender offer, independent litigation committee, watered shares, book entry registration, modern state statutes, porcupine provisions, par value states, unaffiliated directors, buyout remedy, supervoting stock, separate voting group, preincorporation contract, preincorporation subscriptions, independent business judgment, modern corporation statutes, conflicting interest transaction, periodic disclosure requirements, internal affairs rule
Key Phrases - Capitalized Phrases (CAPs):
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True False, United States, New York, Securities Exchange Act, Williams Act, Securities Act, Model Business Corporation Act, Delaware Supreme Court, Model Act, American Law Institute, New Jersey, Corporate Governance Project, Quaker Hill, Internal Revenue Code, Private Securities Litigation Reform Act, Van Gorkom, Internal Revenue Service, Transamerica Corp, Wall Street, Corporate Laws, Federal Rules of Civil Procedure, Business Roundtable, Second Circuit, Apex Corporation, Basic Inc
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