“[P]eople enter closely-held businesses in the same manner as they enter marriage: optimistically and ill-prepared.” Sooner or later, there is trouble in paradise. Resentments, jealousies, and...
Will the Texas Legislature Restore the Shareholder Oppression Claim?The Texas Supreme Court's Ritchie v. Rupe decision overturned the Texas shareholder oppression doctrine. The implications for Texas...
Michigan has a robust statutory remedy for shareholder oppression.GGerald Mantese, Douglas Toering, and Fatima Mansour have just publised a fascinating new article in the January 2017...
Hopkins Centrich Law will speak at the 11th Annual Texas Bar CLE Essentials of Business Law Course at 9:30 am on March 13, 2020 in Houston,...
While shareholder agreements—in particular, Buy-Sell provisions—may provide some protection for minority shareholders against shareholder oppression, ordinarily they are not. More often, the Buy-Sell provision becomes the...
Texas Business Organizations Code section 11.314 provides that the limited liability company becomes subject to district court jurisdiction to order winding up and termination if a...
In prior blog posts, we have dealt with the issue of shareholder oppression that ends in a stock redemption. While generally majority shareholders do not owe...
Texas law recognizes “the property right which a share in such a company creates.” Yeaman v. Galveston City Co., 167 S.W. 710, 719 (Tex. 1914). In...
What is stock in a corporation?Capital StockThe defining characteristic of a corporate legal structure is that its ownership is in the form of stock. The “capital...
Whenever a client comes to us with a concern about how they are being treated as a shareholder or how the corporation is being run, the...
