The same applies to a disclosure of membership of a close corporation or directorship of a company which the first company will deal with on a regular basis.
There are, with close corporations, no strict rules relating to the maintenance of capital, and they also enjoy flexibility in the arrangement of their internal relationships.
This includes damage, degradation or pollution advertently or inadvertently caused by the company or close corporation which they represent or represented.
However, the majority of corporations are said to be closely held, privately held or close corporations, meaning that no ready market exists for the trading of shares.