• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Need help!

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

lindalew

Junior Member
Need help! Shareholder dispute

What is the name of your state? Pennsylvania.

Is it legal for one shareholder to hold a Board of Director's mtg. without any other shareholders present, for them to elect a new Board at the meeting, and call their attendance at such meeting "a quorum"/unanimous vote???

Also, if one of the other shareholders has offered his stock back to the Company prior to this yearly mtg., has received a written acceptance to purchase by the Company, but shareholder has not yet signed an agreement to sell to the Company, does that shareholder have a right/obligation to still act as a voting shareholder at a Board meeting?
 
Last edited:


S

seniorjudge

Guest
What do the written corporate by-laws say about this situation?
 

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
data-ad-format="auto">
Top