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Articles of Incorporation and Bylaws

Bylaws are written provisions describing how day-to-day operations of a corporation will be conducted. A corporation's activities are governed, in order of precedence, by statute, corporate charter, and bylaws.

A corporation's...

"Persons" Subject to the Sherman Act

Sections 1 through 3 of the Sherman Act, 15 U.S.C.S. §§ 1-3, provide for prison terms, fines, and damages to be assessed against "persons" who enter into agreements in restraint of trade or who monopolize, attempt to monopolize or...

Employment Issues under OSHA

Employment Issues

The Occupational Safety and Health Administration handles complaints of discrimination or termination of employment under Section 7(a). OSHA will receive the complaint in any form, including verbally,...

Duty of Loyalty: Confidentiality

The duty of loyalty prohibits a director from using his or her corporate position to obtain a personal profit or to gain a personal advantage. A director is privy to information that may not be known...

Monopolization Under the Sherman Act

Section 2 of the Sherman Act, 15 U.S.C.S. § 2, prohibits monopolies and attempts or conspiracies to monopolize. The Act provides for prison terms and fines in actions brought by the U.S. Department Justice and for injunctions and damages in...