loading

Corporations

Question:

Direct Shareholder Action/Suit

Answer:

Shareholders can directly sue corporate executives for

- breach of specific contracts to shareholders(e.g. preemptive rights)

OR

- denying shareholders specifically granted statutory rights (e.g. right to inspect records/books)

*** minority sh's of a close corp suing for oppression can bring a direct suit against the majority
View as Flashcard Deck

About this Private Flashcard Deck

Last update by Shanal on 10/24/2013
  • Share
Corporations
Corporations
Total Views: 13430
Teams This Deck Belongs To
Others Studying this Deck
Private Flashcard From Corporations
Question: Direct Shareholder Action/Suit
Answer: Shareholders can directly sue corporate executives for - breach of specific contracts to shareholders(e.g. preemptive rights) OR - denying shareholders specifically granted statutory rights (e.g. right to inspect records/books)*** minority sh's of a close corp suing for oppression can bring a direct suit against the majority