Texas Shareholder Oppression in the Legislature

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...
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New article on Michigan Shareholder Oppression

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...
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What Is Shareholder Oppression in Texas?

“[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...
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Shareholder Agreements for Dealing With Shareholder Oppression

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,...
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Abusive Use of Buy-Sell Agreements

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...
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LLC Oppression Remedies Under §11.314

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...
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Majority Shareholders May Not Maliciously Time a Transaction

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...
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Property Rights and Privileges of Share Ownership

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...
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Stock in a Corporation

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...
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Corporate Governing Documents

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...
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