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LSDefine

Simple English definitions for legal terms

stockholder

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A quick definition of stockholder:

A stockholder, also known as a shareholder, is someone who owns a part of a company. They have the right to vote for important decisions, like who is on the board of directors. They also get a share of the company's profits, called dividends. If the company does something wrong, the stockholder can sue them. This is called piercing the veil. It means the stockholder can hold the people in charge responsible for their actions.

A more thorough explanation:

A stockholder, also known as a shareholder, is a person who owns a part of a company by owning stocks. Owning stocks means that the stockholder has invested money in the company and, in return, has the right to receive a portion of the company's profits.

Stockholders have several rights, including:

  • The right to vote for board members
  • The right to receive interest and dividends from the company
  • The right to bring a lawsuit against the corporation or the board members

For example, if a stockholder believes that the board members are not acting in the best interest of the company, they can vote to replace them with new board members. Additionally, if the company is profitable, the stockholder will receive a portion of the profits in the form of dividends.

However, if the board members are negligent or the company is facing issues like thin capitalization, the stockholder could use a lawsuit to hold the board members accountable. For instance, if the board members are not following proper corporate procedures or are committing fraud, the stockholder could bring a lawsuit against them to protect their investment.

Overall, stockholders play an important role in the governance of a company and have the power to influence its direction and hold its leaders accountable.

stock purchase agreement | stockholder's derivative action

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ParallelAgreeableOrangutan
21:20
They don't send your application back to you and tell you to redo an addendum if they don't like it, so the only way to know whether they "accepted" it, as it were, is admissions results
Bettercaulsaul
22:28
Helpful video I found https://youtu.be/2ZVrX6DTSKU?si=KsZeWbF4_fJuqKl5
23:17
who up lsdin they law
8:27
now why does the basement here reek of glossier you
any spivey thoughts? thinking about applying for pro bono
What constitutes "diverse background" for the spivey pro bono?
I'm as "nURM" as they come, but I was the victim of a violent crime which absolutely tanked my grades. I would really want expert help on tackling that in my GPA addendum and my PS, but don't really have thousands to throw at consultants
no harm applying ig
Yeah, good point. Not up to me to tell myself no! Just don't want to waste their time
9:25
I’m a supporter of wasting Spivey’s time
9:26
I hate that bum
yeah I think consultant services are overall predatory and classist but yknow I wouldn’t say no to someone helping me out for free
DarioDarko
9:40
On LSAC, you can find a career advisor from your undergrad. That’s what I used
DarioDarko
9:41
Otherwise I’ve been a journalist for past 4 years professionally and 8 total. Would be happy to help proofread
9:42
[deleted by esoterica]
9:42
But the other consultants are probably fine
9:43
He posted some of his writing from his blog once as an example of what a PS should look like and it is so horrendous you guys
9:45
I’m going to be nice. All I will say is I don’t think this caliber of writing would be beneficial to your law school application
tbf it isnt spivey whos editing your personal statement
9:50
Yeah agreed the other people at the firm are prob fine
9:51
But please read that blog post it’s soooo funny
ahahahahhahaha yeah i am sure one if not the most trusted law school admissions consulting service cant write all fancy dancy when they fucking want lmfao
you like one of those idiots who think spelling is a sign of ingelligence
I am REALLY impressed with the way you know words
i think hes seen interstellar too many times
Yeah he shoulda quoted the bible
bitch he didn’t quote anything
you need some inpatient help my man
NosyBeagle
9:58
never heard of this guy. i am intrigued
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