POWERS OF DIRECTORS
\pˈa͡ʊəz ɒv da͡ɪɹˈɛktəz], \pˈaʊəz ɒv daɪɹˈɛktəz], \p_ˈaʊ_ə_z ɒ_v d_aɪ_ɹ_ˈɛ_k_t_ə_z]\
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The powers vested in a director of any firm. They can usually act as the agents of a firm, gain access to the accounts of a firm or give or take security. They can even determine the shares of a firm, and how they are issued, forfeited or transferred.
By Henry Campbell Black
Word of the day
basidiomycota
- comprises fungi bearing the spores on basidium: Gasteromycetes (puffballs); Tiliomycetes (comprising orders Ustilaginales (smuts) and Uredinales (rusts)); Hymenomycetes (mushrooms; toadstools; agarics; bracket fungi); in some classification systems considered a division of kingdom comprises fungi bearing spores on a basidium; includes Gasteromycetes (puffballs) Tiliomycetes comprising the orders Ustilaginales (smuts) and Uredinales (rusts) Hymenomycetes (mushrooms, toadstools, agarics bracket fungi).