Word: bylaw
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Dates: during 1980-1989
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...will never be able to play collegiate soccer again because she committed a technical violation of an obscure NCAA bylaw--she went on the trip after taking off a semester and before reenrolling at Harvard...
...council refused to suspend a new bylaw to allow a vote on a last-minute funding request to send the Men's Rugby Football Club to the national championships in California Thursday...
Another maneuver is to adopt a bylaw requiring a super-majority of outstanding voting shares, say 70% or 80%, for approval of a tender offer. Reincorporating in a state with rules that favor existing management is another defense. In Delaware, certain defensive tactics, like issuing rights or options to buy shares of a company, can be approved by directors alone, without a vote by shareholders. Gulf reincorporated in Delaware from Pennsylvania, thus shielding itself at least for now against a raid by Mesa Petroleum's T. Boone Pickens Jr. Many experts question the legality of shark repellents. Dissident shareholders...