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Understanding Maryland's Business Judgment Rule
File: sharfmanfinalmacro.doc Created on: 4/18/2006 5:07 PM Last Printed: 5/20/2006 5:17 PM Understanding Maryland’s Business Judgment Rule Bernard S. Sharfman1 I. INTRODUCTION The “Business Judgment Rule” (“BJR”) is a common law stan- dard of judicial review.2 The BJR is applied by the courts to favor the actions of corporate managers.3 According to Henry Manne, a leading commentator on corporate law, the BJR protects from ju- dicial review “honest if inept business decisions” made by corpo- rate managers.4 By accomplishing this strategic objective, the BJR tries to obtain its ultimate goal - preventing courts from exer- cising regulatory authority over corporate management.5 The creation of the BJR as a means of obtaining this goal is a direct product of the time period in which it originated. The BJR first appeared in the 19th century, a time when there was a fear of gov- ernment regulation. Since then, the BJR has been used by the courts as a means to avoid the exercise of regulatory authority over corporations.6 1. Bernard Sharfman is a member of the DC and Maryland bars and a Class of 2000 graduate of Georgetown University Law Center. This article is dedicated to Mr. Sharfman’s wife, Susan David, for without her encouragement and editorial comments this article would never have been completed. Mr. Sharfman would like to thank Joseph Hinsey, H. Douglas Weaver Professor of Business Law, Emeritus, at the Harvard University Graduate School of Business Administration and James J. Hanks, Jr., Partner, Venable LLP and the author of Maryland Corporate Law for their helpful comments and insights. -
South Dakota Federal Lands
atlas TM nationalWhere We Are .gov SOUTH DAKOTA FEDERAL LANDS AND INDIAN RESERVATIONS NORTH DAKOTA Bureau of Indian Affairs MT Bureau of Land Management / Standing Rock Wilderness Shadehill Sand Lake Lake Traverse Custer Reservoir Indian Reservation Mud Lake NF Grand NWR Indian Reservation Bureau of Reclamation Grand River R Lake Traverse Buffalo NG Sisseton Department of Defense Custer Grand River MN NF Custer Bison NG Mobridge Selby (includes Army Corps of Engineers lakes) National Forest Aberdeen Fish and Wildlife Service / Wilderness Waubay National Wildlife Refuge Milbank River B Moreau i Forest Service / Wilderness g Cheyenne River Dupree Indian Reservation Gettysburg National Park Service / Wilderness Lake Oahe Redfield Watertown Belle Fourche James Reservoir S Some small sites are not shown, especially in io urban areas. u WY Belle Fourche x MILES Spearfish River 0 20 40 60 80 Sturgis Bear Butte Albers equal area projection Lead Pierre National Wildlife Refuge Fort Pierre Huron R Black Hills Lake i Sharpe Crow Creek v National Forest Ellsworth er Abbreviations Air Force Base Indian Reservation Deerfield Fort Pierre R Rapid City NG iv Flandreau IR IR Indian Reservation Lake Philip Pactola e Madison NF National Forest Mount Rushmore Reservoir r NG National Grassland National Memorial e Buffalo Gap NG Lower Brule Sheridan n NM National Monument n ver Indian Reservation Lake e Ri Chamberlain NP National Park Jewel Cave NM ey Mitchell h e NWR National Wildlife Refuge Wind Cave NP C hit W Badlands Black Hills National Park Sioux Falls National Forest Angostura Badlands Lake Francis Case Reservoir NP Winner Lake Andes Edgemont Mission NWR Pine Ridge Lacreek Rosebud Indian Reservation NWR Indian Reservation Buffalo Gap NG Yankton Pine Ridge Karl E. -
Federal Bureau of Investigation Department of Homeland Security
Federal Bureau of Investigation Department of Homeland Security Strategic Intelligence Assessment and Data on Domestic Terrorism Submitted to the Permanent Select Committee on Intelligence, the Committee on Homeland Security, and the Committee of the Judiciary of the United States House of Representatives, and the Select Committee on Intelligence, the Committee on Homeland Security and Governmental Affairs, and the Committee of the Judiciary of the United States Senate May 2021 Page 1 of 40 Table of Contents I. Overview of Reporting Requirement ............................................................................................. 2 II. Executive Summary ......................................................................................................................... 2 III. Introduction...................................................................................................................................... 2 IV. Strategic Intelligence Assessment ................................................................................................... 5 V. Discussion and Comparison of Investigative Activities ................................................................ 9 VI. FBI Data on Domestic Terrorism ................................................................................................. 19 VII. Recommendations .......................................................................................................................... 27 Appendix .................................................................................................................................................... -
Federal Register/Vol. 86, No. 151/Tuesday, August
43672 Federal Register / Vol. 86, No. 151 / Tuesday, August 10, 2021 / Notices technological collection techniques or PRAMain. Find this particular 49 CFR 1544.219. Eligibility is based on other forms of information technology, information collection, OMB control requirements stated in 49 CFR 1544.219. e.g., permitting electronic submissions number 1652–0034, by selecting TSA will gather information, including, of responses. ‘‘Currently under Review—Open for but not limited to, agency name and Public Comments’’ and by using the address, and name of each individual Analysis find function. who will receive the training from law Agency: Department of Homeland FOR FURTHER INFORMATION CONTACT: enforcement agencies that have Security (DHS). Christina A. Walsh, TSA PRA Officer, requested the LEOs Flying Armed Title: Office of the Immigration Information Technology (IT), TSA–11, training course. Applicant verification Detention Ombudsman Intake Form. Transportation Security Administration, ensures that only LEOs with a valid OMB Number: 1601–0030. 6595 Springfield Center Drive, need to fly armed aboard commercial Frequency: Every 3 years. Springfield, VA 20598–6011; telephone aircraft receive training. Applicants Affected Public: Members of the come from territorial, tribal, Federal, Public or non-government (571) 227–2062; email TSAPRA@ tsa.dhs.gov. municipal, county, State, and organizations. authorized railroad law enforcement Number of Respondents: 30,000. SUPPLEMENTARY INFORMATION: TSA agencies throughout the country. For Estimated Time per Respondent: 1. published a Federal Register notice, Total Burden Hours: 30,000. more information about the program, with a 60-day comment period soliciting please see https://www.tsa.gov/travel/ Robert Dorr, comments, of the following collection of law-enforcement. -
9 Requirments of Due Diligence – Ezike
THE NIGERIANJURIDICALREVIEW Vol.13 (2015) Articles Pages Terrorism,ArmedConflictandtheNigerianChild:LegalFramework forChildRightsEnforcementinNigeria ~DamilolaS.Olawuyi 1 ClearingtheHurdles:ATherapeuticExaminationoftheChallengesto theProtectionandEnforcementofEconomic,SocialandCulturalRights ~DamianU.Ajah&IjeamakaNnaji 25 InequitableTradeRulesinWorldTradeOrganisation(WTO): ImpactonDevelopingCountries ~ EmekaAdibe&ObinneObiefuna 57 PublicParticipationinEnvironmentalImpactAssessmentinNigeria: ProspectsandProblems ~ HakeemIjaiya 83 RethinkingtheBasisofCorporateCriminalLiabilityinNigeria ~ CalistusN.Iyidiobi 103 ElevatingConsumerRightstoHumanRights ~FestusO.Ukwueze 131 WhenaTrademarkBecomesaVictimofItsOwnSuccess: TheIronyoftheConceptofGenericide ~NkemItanyi 157 EnvironmentalConstitutionalisminNigeria: AreWeThereYet? ~TheodoreOkonkwo 175 RequirementsofDueDiligenceonCapacityofNigerianGovernment Officials/Organs/AgentstoContract- GodwinAzubuikev.Government OfEnuguState inFocus ~ Rev.Fr.Prof.E.O.Ezike 217 FACULTYOFLAW UNIVERSITYOFNIGERIA,ENUGUCAMPUS EDITORIAL BOARD General Editor Dr. Edith O. Nwosu, LL.B., LL.M., Ph.D., B.L Assistant Editor Dr. Chukwunweike A. Ogbuabor, LL.B., LL.M., Ph.D., B.L Statute and Case Note Editor Professor Ifeoma P. Enemo, LL.B., LL.M., Ph.D., B.L Book Review Editor John F. Olorunfemi, LL.B., LL.M., B.L Distribution Coordinator Damian U. Ajah, LL.B., LL.M., B.L EDITORIAL ADVISORY BOARD Professor Boniface O. Okere, Professor Obiora Chinedu Okafor Docteur d’Universite de Paris LL.B (Nig), LL.M, (Nig) LL.M, Professor, -
Federal Register/Vol. 72, No. 194/Tuesday, October 9, 2007
57342 Federal Register / Vol. 72, No. 194 / Tuesday, October 9, 2007 / Notices SUMMARY: The Federal Emergency expected, FEMA asks that comments be leaders and emergency management Management Agency (FEMA) is submitted using this form. practitioners. At the same time, they accepting comments on the draft Docket: For access to the docket to inform emergency management supporting documents to the National read background documents or practitioners, explaining the operating Response Framework (NRF). Composed comments received, go to the Federal structures and tools used routinely by of the Emergency Support Functions eRulemaking Portal at http:// first responders and emergency Annexes, Support Annexes, and www.regulations.gov and search for managers at all levels of government. Incident Annexes, these supplemental docket number FEMA–2007–0007. The Department is providing the documents provide additional guidance Submitted comments may also be current draft of the NRF supplemental that may be used in implementing the inspected at FEMA, Office of Chief documents for public comment; these NRF. Combined with the NRF, these Counsel, Room 835, 500 C Street, SW., draft documents do not necessarily documents incorporate lessons-learned Washington, DC 20472. reflect the final policy of the from recent disasters, and articulate FOR FURTHER INFORMATION CONTACT: Administration. The NRF support more clearly the roles of the States, Andrew Slaten, Acting National documents are available online in the tribal, and local jurisdictions and the Response Framework Branch Chief, NRF Resource Center located at http:// private sector to guide a successful Federal Emergency Management www.fema.gov/NRF, and the docket for response to natural disasters or terrorist Agency, 999 E Street, NW., Washington, this notice at www.regulations.gov. -
FY 2021 Fish and Wildlife Service
The United States BUDGET Department of the Interior JUSTIFICATIONS and Performance Information Fiscal Year 2021 FISH AND WILDLIFE SERVICE NOTICE: These budget justifications are prepared for the Interior, Environment and Related Agencies Appropriations Subcommittees. Approval for release of the justifications prior to their printing in the public record of the Subcommittee hearings may be obtained through the Office of Budget of the Department of the Interior. Printed on Recycled Paper FY 2021 BUDGET JUSTIFICATION TABLE OF CONTENTS DEPARTMENT OF THE INTERIOR U.S. Fish and Wildlife Service Fiscal Year 2021 President’s Budget Table of Contents Executive Summary .............................................................................................. EX - 1 Organization Chart .................................................................................................. EX - 5 Overview of Fiscal Year 2020 Request ................................................................... EX - 6 Strategic Objective Performance Summary .......................................................... EX - 12 Agency Priority Goals ............................................................................................ EX - 17 Budget at a Glance Table ..................................................................................... BG - 1 Summary of Fixed Costs ......................................................................................... BG - 6 Appropriation: Resource Management Appropriations Language .............................................................................RM -
Rise and Fall of the Ultra Vires Doctrine in United States, United Kingdom, and Commonwealth Caribbean Corporate Common Law: a Triumph of Experience Over Logic
DePaul Business and Commercial Law Journal Volume 5 Issue 1 Fall 2006 Article 4 Rise and Fall of the Ultra Vires Doctrine in United States, United Kingdom, and Commonwealth Caribbean Corporate Common Law: A Triumph of Experience Over Logic Stephen J. Leacock Follow this and additional works at: https://via.library.depaul.edu/bclj Recommended Citation Stephen J. Leacock, Rise and Fall of the Ultra Vires Doctrine in United States, United Kingdom, and Commonwealth Caribbean Corporate Common Law: A Triumph of Experience Over Logic, 5 DePaul Bus. & Com. L.J. 67 (2006) Available at: https://via.library.depaul.edu/bclj/vol5/iss1/4 This Article is brought to you for free and open access by the College of Law at Via Sapientiae. It has been accepted for inclusion in DePaul Business and Commercial Law Journal by an authorized editor of Via Sapientiae. For more information, please contact [email protected]. The Rise and Fall of the Ultra Vires Doctrine in United States, United Kingdom, and Commonwealth Caribbean Corporate Common Law: A Triumph of Experience Over Logic Stephen J.Leacock* "Pure logical thinking cannot yield us any knowledge of the empiri- cal world; all knowledge of reality starts from experience and ends in it."1 2 I. INTRODUCTION In free market3 economies, corporate laws change over time. More- over, experience has taught us that some legislative enactments, when * Professor of Law, Barry University School of Law. Barrister (Hons.) 1972, Middle Temple, London; LL.M. 1971, London University, King's College; M.A. (Bus. Law) CNAA 1971, City of London Polytechnic (now London Guildhall University), London; Grad. -
National Park Service U.S
National Park Service U.S. Department of the Interior Natural Resource Stewardship and Science DOI Bison Report Looking Forward Natural Resource Report NPS/NRSS/BRMD/NRR—2014/821 ON THE COVER Bison bull at southeastern Utah's Henry Mountains Photograph by Utah Division of Wildlife Resources DOI Bison Report Looking Forward Natural Resource Report NPS/NRSS/BRMD/NRR—2014/821 Prepared by the Department of the Interior Bison Leadership Team and Working Group National Park Service Biological Resource Management Division 1201 Oakridge Drive, Suite 200 Fort Collins, Colorado 80525 June 2014 U.S. Department of the Interior National Park Service Natural Resource Stewardship and Science Fort Collins, Colorado The National Park Service, Natural Resource Stewardship and Science office in Fort Collins, Colorado, publishes a range of reports that address natural resource topics. These reports are of interest and applicability to a broad audience in the National Park Service and others in natural resource management, including scientists, conservation and environmental constituencies, and the public. The Natural Resource Report Series is used to disseminate high-priority, current natural resource management information with managerial application. The series targets a general, diverse audience, and may contain NPS policy considerations or address sensitive issues of management applicability. All manuscripts in the series receive the appropriate level of peer review to ensure that the information is scientifically credible, technically accurate, appropriately written for the intended audience, and designed and published in a professional manner. This report received informal peer review by subject-matter experts who were not directly involved in the collection, analysis, or reporting of the data. -
Placing the Militia Occupation of the Malheur National Wildlife Refuge in Harney County, Oregon
Placing the Militia Occupation of the Malheur National Wildlife Refuge in Harney County, Oregon Carolyn Gallaher School of International Service American University [email protected] Abstract This intervention examines the recent militia occupation of the Malheur National Wildlife Refuge in Oregon. There is no consensus on how to place the group. Some commentators suggest the group was white supremacist. Others argue that it was animated by religious fanaticism. Still others emphasize the group’s grievances with the Bureau of Land Management. I argue here that the Malheur occupiers’ politics cannot be understood with reference to a single identity position. Rather, we need to focus on the group’s anti-government rhetoric because it funnels and shapes multiple interests at once. Here I examine how the group’s anti-government rhetoric frames race and class interests. In terms of race, I argue that anti-government rhetoric obscures the white interests behind the occupation. This concealment is based on a selective reading of history that emphasizes the end of settlement, when the government took ownership of land not claimed during the settlement period, instead of the stage leading up to it, when the government seized Indigenous land for white settlement. So construed, the occupiers could claim they were taking the ‘people’s’ land back from the government rather than engaging in a second round of white theft of Indigenous land. In terms of class, I argue that because the occupiers framed their fight as against government tyranny instead of as for privatization, the occupiers did not have to confront the inequities that come with privatization. -
The Doctrine of Ultra Vires: Commendable Or Condemnable!
Asian Social Science; Vol. 16, No. 5; 2020 ISSN 1911-2017 E-ISSN 1911-2025 Published by Canadian Center of Science and Education The Doctrine of Ultra Vires: Commendable or Condemnable! Ali Khaled Qtaishat1 1 Department of Comparative Law, Faculty of Sheikh Noah El-Qudha for Sharia and Law, The World Islamic Science & Education University, Amman, Jordan Correspondence: Ali Khaled Qtaishat. E-mail: [email protected] Received: June 27, 2019 Accepted: July 11, 2019 Online Published: April 30, 2020 doi:10.5539/ass.v16n5p148 URL: https://doi.org/10.5539/ass.v16n5p148 Abstract This study investigates principally the doctrine of Ultra Vires in the English law. It aims at crystalizing the ramifications of applying this act to the English Commercial Law throughout several eras, taking into account the impact of abiding by the Ultra Vires act on the parties involved in the concerned transactions; i.e. the concerned shareholders and creditors. Furthermore, the study attempts to decipher the puzzling matter which concludes whether the doctrine in question must be cherished or perished in the English legal system. Keywords: Ultra Vires, commercial law, limited liability, memorandum of association, shareholder, company law 1. Introduction A bewildering case arose on the grounds of the English legal system courts in 1953. Owners of a limited company named Re Jon Beauforte located in London, took the initiative to alter its main activities from manufacturing ladies’ dresses into synthesizing wooden products; i.e. practicing another activity clause indicating by “veneer panels productions’’.1 Highlighting this activity alternation in the company’s Memorandum of Association (MOA) brings the attention to that the company has drastically changed its ultimate activities from x to z. -
Rocky Mountain Arsenal National Wildlife Refuge
ROCKY MOUNTAIN ARSENAL NATIONAL WILDLIFE REFUGE Commerce City, Colorado ,. ANNUAL NARRATIVE REPORT Fiscal Year 2004 .;;.., . U.S. Department of the Interior , Fish and Wildlife Service NATIONAL WILDLIFE REFUGE SYSTEM n I n ROCKY MOUNTAIN ARSENAL NATIONAL WILDLIFE REFUGE t I Commerce City, Colorado r, \ : n 1 r, ' ! ANNUAL NARRATIVE REPORT r, Fiscal Year 2004 ' ' ,., \ n ,., ' ,, I U.S. Department of the Interior 1 Fish and Wildlife Service NATIONAL WILDLIFE REFUGE SYSTEM r, I n ,, ,, r, I REVIEW AND APPROVALS ROCKY MOUNTAIN ARSENAL NATIONAL WILDLIFE REFUGE Commerce City, Colorado ANNUAL NARRATIVE REPORT Fiscal Year 2004 Refuge Supervisor 9 ~ W ~ Date I CJ I 2../ t,,6 RegionalOfficeApprova!~ a ~Date,/~~,: ,, I I ,, TABLE OF CONTENTS i A. Introduction ..................................................................................................... 5 B. Highlights ........................................................................................................ 6 C. Climatic Conditions ........................................................................................ 7 D. Map ....................................................................................................... _.......... 9 1. Monitoring and Studies ................................................................................... 9 ,, 1a. Surveys and Censuses ............................................................................... 9 i •' 1a. I. Bald Eagle Investigations ................................................................... 9 1a.2.