surplus property revolving trust fund custom papers (1 essays)

Business Law

446 words/2 pages

Shareholders Suits There are three basic cases that can be d by a stockholder against a corporation . These are individual suit , representative suit and derivative suit . An individual suit is one brought to assert a right by a stockholder peculiar to himself . A representative suit is one brought by a stockholder in his own behalf , and in behalf of other stockholders similarly situated , and having a common cause against the corporation . A derivative suit is an action brought by the...