It would be ironic if the tax laws somehow prevented the protection of lenders and minority shareholders by barring the usage of special voting rights
that in some fashion dilute the power of the corporation's board.
I worked with Elaine Jones on Voting Rights
Act legislation, because it was up for extension in 1982.
Municipal annexations, court-ordered redistrictings, multimember districting, at-large voting or majority vote rather than plurality requirements in elections, and other decisions by elected officials cannot go into effect until they are approved by staff attorneys in the Voting Rights
Section of Justice's Civil Rights Division.
Look at the aftermath of voting rights
suits inthe South.
Number of voting rights
proxy holder will cease to hold: (12).
The Board of Directors' proposal concerning the increase in the Company's authorized capital and inclusion in the Article 5(0) of the Company's By-laws, of a sole paragraph, which provides the possibility to issue common shares intended for adjusting the proportion between common shares and preferred shares with no voting right
to what is provided by article 15, paragraph 2(0), of the Corporation Law, without grating preferential rights to the shareholders who own preferred shares, which article 171, paragraph 1(0), subparagraph B of the Corporation Law refers to, submitted to the resolution at the Special Meeting is based on the following justifications:
As a result, after July 17, 2000, the special voting rights
All holders of Common Stock which qualified as Long Term shares under the old Voting Rights
Plan on both August 28, 1995 and October 26, 1995 will receive Class B Common Stock on a 1-for-1 basis.
All Voting Rights
on all Shares are controlled by City of London Investment Management Company Limited.
Resulting situation after the triggering transaction: Number of shares: Direct: 7,983,495 Number of voting rights
: Direct (xi): Indirect (xii): 7,983,495 % of voting rights
(x): Direct: Indirect: 22.
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights
are attached: ( )
Situation previous to the triggering transaction (vi): Number of Shares: 12,802,845 Number of Voting rights