Shopping Bag

0 item(s) in cart/ total: $0    view cart
Free Instant Delivery  |  No Sales Tax
Home > Case Law > Corporations  >  Interested Partners May Not Vote
Interested Partners May Not Vote
Interested Partners May Not Vote Cartoons

Interested Partners May Not Vote

Perretta v. Prometheus Development Company, Inc; A partnership agreement provision that allows an interested partner to count its votes is manifestly unreasonable under California corporations law; limited partner; limited partnership; ratification.
Your Price: $10.00

Select Usage (details) :

Related Cartoons

Investment Advisers Salary Not Covered By Fiduciary Duty
Investment Advisers Salary Not Covered By Fiduciary Duty
Jones v. Harris Associates L.P.; Under section 36(b) of the Investment Company Act, a financial adviser has a fiduciary duty and owes an obligation of candor in negotiation, as well as honesty in performance, but not for negotiating own salary.
Shareholder Proposal and Proxy Solicitation
Shareholder Proposal and Proxy Solicitation
AFSCME v. AIG, Inc; Proxy access bylaw shareholder proposals, which relate to election procedures in general rather than specific, upcoming elections, are non-excludable under SEC Rule 14a-8(i)(8).
In-Kind Distribution of Partnership Assets
In-Kind Distribution of Partnership Assets
Dreifuerst v. Dreifuerst; Unless otherwise agreed, partners who have not wrongfully dissolved the partnership have a right to wind up the partnership and force a sale of the partnership assets; partnership at will.
Actionable Misappropriation of Inside Information
Actionable Misappropriation of Inside Information
Securities and Exchange Commission v. Cuban; Insider trading liability under the misappropriation theory is premised on the undisclosed use of confidential information for personal benefit, in breach of a duty not to do so.
Not All Transfers Of Property Are Sales
Not All Transfers Of Property Are Sales
Premier Van Schaack Realty, Inc. v. Sieg; Under Utah law, a sale of property is defined as the conveyance of title to the purchaser for a valuable consideration consisting of the purchase price, or contract of sale, whereby some estate in land passes.
Internal Affairs Doctrine
Internal Affairs Doctrine
Friese v. Superior Court; Laws that regulate securities trading do not relate to the internal affairs of a corporation, so lawsuits relating to the sales of securities are not governed solely by the state of incorporation.
Business Judgment Rule Requires Good Faith
Business Judgment Rule Requires Good Faith
Gantler v. Stephens; The business judgment rule will not apply if directors' actions are motivated by self-interest, rather than the good faith pursuit of a legitimate corporate interest.
Termination of Minority Shareholder
Termination of Minority Shareholder
Gallagher v. Lambert; A minority shareholder in a close corporation who agrees to the repurchase of his shares upon termination of employment acquires no right against at-will discharge.
Usurp Corporate Investment Opportunity
Usurp Corporate Investment Opportunity
In re eBay, Inc. Shareholders Litigation; The fiduciary duty of loyalty requires directors and officers to offer investment opportunities derived from corporate business to the corporation before acting on them individually. Self dealing.
Majority Shareholder Fiduciary Duty
Majority Shareholder Fiduciary Duty
Jones v. H.F. Ahmanson & Co.; Majority shareholders have a fiduciary responsibility to the minority and to the corporation to control the corporation in a fair, just, and equitable manner. All shareholders must benefit proportionately.
Distinct Legal Entity
Distinct Legal Entity
3519-3513 Realty, LLC v. Law; a limited liability company and its sole member are distinct legal entities.
Director Duty of Loyalty
Director Duty of Loyalty
Shocking Technologies, Inc. v. Kosowsky; a director acting in subjective good faith may nevertheless breach his duty of loyalty.