LEGAL ENGLISH- FORMAL VERBS

The main advantage of setting up a limited liability company is that the members (benefit from / profit from

/ participate in) limited liability.

• BENEFIT FROM

• PROFIT FROM

• PARTICIPATE IN

Before a certificate of incorporation can be issued by the Secretary

of State, the incorporators are (required / obliged / bound) to submit the articles of incorporation and the

company bylaws to the Secretary of State.

• REQUIRED

• OBLIGED

• BOUND

Once the incorporation process is completed, the company may commence (running / trading /selling ).

• RUNNING

• TRADING

• SELLING

The bylaws (set off / contain / provide) that each common stockholder shall have one vote per share.

• SET OFF

• CONTAIN

• PROVIDE

The bylaws (contain / establish / specify) provisions for the appointment and removal of the Company

Secretary.

• ESTABLISH

• CONTAIN

• SPECIFY

If you cannot (assist / attend / attend to) the meeting, you may choose to name a proxy to vote on your

behalf.

• ASSIST

• ATTEND TO

• ATTEND

Given the excellent results, the Board of Directors have (paid / decided / declared ) a dividend of 8.5%.

• PAID

• DECIDED

• DECLARED

The shareholders may vote to (dismiss / resign / remove) the directors

• DISMISS

• RESIGN

• REMOVE

The power to fix the executive officers’ salaries is (entitled / vested/ conferred ) in the Board of Directors.

• ENTITLED

• VESTED

• CONFERRED

A minimum of 25% of the authorised share capital of a public limited company must be (issued / paid up /

paid in) upon incorporation

• ISSUED

• PAID UP

• PAID IN