Business Law Power Point Presentation about ultra vires and derivative action. Daggett Industries wanted to go into a new line of business but would some of the stockholders object?
10. …unless where a stockholder alleges
demand upon and refusal by the
corporation to institute the action to
redress the wrong.
Baker v. Data Dynamics Inc.,
561 F. Supp. 1161 (1983)
11. Norman v. Nash Johnson and Sons’ Farms, Inc.,
537 S.E. 248, (2000)
12. WHO SUFFERED THE ALLEGED HARM?
The corporation The stockholder
Cabaniss v. Deutsche Bank Securities,
611 S.E. 2d 878 (2005)
13. Aubin v. Susi, 560 S.E. 2d 875 (2002);
Outen v. Mical, 454 S.E. 2d 883 (1995)
21. In conclusion…
Inform the stockholder to get the majority to
amend the articles of incorporation to broaden
Daggett Industries’ purpose.
NCGS 55-10-03
Editor's Notes
Vulcan cannon, a 40mm BOFOR, and a badass 105mm Howitzer cannon. ... [JPG]. (n.d.). Retrieved September 12, 2012 from: http://www.macobserver.com/imgs/jap_images/20110815zombie-g01.jpg
The North Texas Toll Authority is lowering “Wrong Way” signs on the Dallas ... ... [JPG]. (n.d.). Retrieved September 15, 2012 from: http://www.dallascarcrash.com/traffic-accident-blog/wp-content/uploads/2011/07/wrong-way-do-not-enter-sign.jpg
Vulcan cannon, a 40mm BOFOR, and a badass 105mm Howitzer cannon. ... [JPG]. (n.d.). Retrieved September 12, 2012 from: http://www.macobserver.com/imgs/jap_images/20110815zombie-g01.jpg
Vulcan cannon, a 40mm BOFOR, and a badass 105mm Howitzer cannon. ... [JPG]. (n.d.). Retrieved September 12, 2012 from: http://www.macobserver.com/imgs/jap_images/20110815zombie-g01.jpg