In addition to the words in black type set forth explicitly in a contract, other terms are implied by the law, via statutes, regulations, and court decisions).
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The short answer is that the law usually requires a corporation to have a Board (e.g., ORS 60.301). But what about in a situation where the law does not require a Board? Apparently, the Republic of Colombia does not require its corporations to have Boards of Directors. In a recent study of over 20,000 closely held Colombian firms, a couple conclusions were drawn about the whens and whys of having a Board:
On July 1, 2017, Oregon’s minimum wage rates increased. Information about Washington’s minimum wage rates can be found here. Information about Montana’s minimum wage rates can be found here. Continue reading “Minimum Wage Hike = Hours Cut?” »//////////////// Copyright 2015 - 2017 Justin Stark, Stark Law Office LLC