First Sentence:
Corporations may usefully be classified as "publicly held" or "closely held."
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Key Phrases - Statistically Improbable Phrases (SIPs):
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par value statutes, special close corporation statutes, close corporation election, unincorporated business forms, watered shares, share transfer restrictions, incorporated proprietorship, modern corporation statutes, proxy appointment, business corporation statutes, broad fiduciary duty, jure corporation, business corporation act, plaintiff shareholder, limited partnership statutes, nimble dividends, demand excused, disappearing corporation, business judgment rule, par shares, state corporation statutes, appraisal remedy, stock transfer books, involuntary dissolution, stated capital
Key Phrases - Capitalized Phrases (CAPs):
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Model Business Corporation Act, Model Act, United States, Supreme Court, New York, Van Gorkom, General Motors, Securities Exchange Act, Internal Revenue Service, Internal Revenue Code, Corporate Laws, Deep Rock, Uniform Partnership Act, Williams Act, World War, Second Circuit, Texas Gulf, Trans Union, Capital Accounts Stated Capital, Delaware General Corporation Law, Federal Rules of Civil Procedure, Grand Met, Assets Liabilities, New Jersey, Marshall Field
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