Can someone explain corporate law to me?

Question

Having a problem about a will and now the legal profession have mentioned corporate law...what does this mean...?

thank you harveysmummy and Aggie80 and Philosphical Fred.. my issue was too long and complicated to go into ..but you all gave me a fair idea on the meaning and term 'corporate law'

Answer 1

All right, that is a bit more info, but there are still parts missing. Let me throw a couple of things to tie the previous post (harveysmummy) together with your situation.

As part of the estate, is there a corporation involved? Did the deceased own part of a company or partnership? If they did, and their share has become a part of the estate, there are issues involving what can be done with that property. The Incorporation papers may specify what happens, shares may have to be valued, bought and/or traded. The value of the corporation may have to be determined, which can take some time. The other shareholders have to be protected as well. This is the usual way that corporate law gets involved in a probate case.

Answer 2

Corporations law or corporate law is the field of law concerning the creation and regulation of corporations and other business organizations. A corporation is a legal entity that is legally treated, in certain instances, as a person; the corporation can own property, execute contracts, sue, and be sued. In British practice, corporate law is more often called company law.

Corporate law also includes the law governing the relationships among various constituents of a corporation such as shareholders, directors and management. By way of illustrative example, the following are questions of corporate law:

Under what circumstances may a corporation engage in a transaction (such as renting property) with a director? (see: conflict of interest, Duty of Loyalty)
How are the directors and officers of a corporation chosen?
What responsibilities does a director, an officer, or a majority shareholder owe to the corporation or to other shareholders? (see: fiduciary duty)
What actions may be undertaken by the officers of a corporation in their capacity as such, and what actions require the approval of the directors or of the shareholders? (see: corporate governance)
How may one corporation merge, consolidate with, or otherwise acquire another?
What are the procedures for calling and holding a meeting of the shareholders or of the directors of a corporation?
How may a corporation be dissolved, and what are the consequences of dissolving it?
How may a corporation issue stock, and what rights does a shareholder have with respect to the corporation?
Corporate law also sometimes includes securities laws, which govern the conditions under which corporations can issue shares and is aimed at preventing fraudulent offering schemes.

Corporate law is generally considered to be distinct from the fields of law that are principally concerned with the relationship between a corporation and a third party, such as commercial law, antitrust law, and environmental law.

Answer 3

Corporate law applies to businesses. Presumably the lawyer is concerned about what happens to your involvement in a business when you die. Or perhaps (s)he is considering your getting some of your activities into a business to avoid problems when you die.

Corporate law is horrifically complicated - that's why corporate lawyers are so rich.

Answer 4

Well, since your question is so general, I have to give a general answer... Corporate law is what governs the operations of corporations. Beyond that, I can't answer without more specifics.

Answer 5

The law that governs corporations.

Answer 6

Yes, a professor of corporate law could if you were willing to devote years of your life studying it. If you meant on this forum, well your really underestimating the scope of the subject.

Answer 7

It can,t be Explained Here because of the Massive variation and Detail as appertaining to the particular Issue of any case . ??? and the Variations of the Oppositions Evidence - as Opposed to you own claim

Answer 8

I know some people who can. Do you have six years to listen?