Court of Appeal Holds that a Non-Shareholder has Standing to Challenge the Election of Corporate Directors

As is also the case with political elections, the outcome of corporate elections can be challenged by the losers. In California, shareholders have a statutory right to obtain a quick hearing on an election's outcome. This right is clearly available to shareholders, but what about others? In a recent decision, the Court of Appeal has held that someone who has entered into an agreement to take shares may also use this statutory procedure.

Please see full article for more information.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Allen Matkins Leck Gamble Mallory & Natsis LLP | Attorney Advertising

Written by:

more+
less-

Allen Matkins Leck Gamble Mallory & Natsis LLP on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×