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partnership
(redirected from Passive shareholder)

   Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
partnership,
n 1. the association of two or more persons for the purpose of carrying on business (or practice) together and dividing its profits.
n 2. a legal, binding contract defining the association of two or more persons in a business or professional relationship such as a dental practice.
partnership, notice of dissolution of intelligence,
n by any of a variety of means, notice to creditors and the public that a partnership has been dissolved.


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Passive shareholders who might be acquiring would have to have 25 percent of all shares under the new rules.
Shareholder conflict, particularly between passive and active shareholders, may also exist to the extent that passive shareholders view the business as a birthright," he added.
 
 
 
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