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Thread: corporate power


    • Join Date: Jul 2005
    • Posts: 928
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    #1

    corporate power

    Hi,

    could you please tell me what "corporate" means in the following sentence:

    Each Shareholder has full (corporate) power and authority to execute, deliver and perform its obligations under this Agreement.

    Thank you very much.

    Hanka


    • Join Date: Oct 2006
    • Posts: 19,448
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    #2

    Re: corporate power

    "corporate" here = of or shared by all members of a group > all the shareholders have equal power and authority.

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