My question involves business law in the state of: Ohio
The articles of incorporation are standard. No by-laws. Most everything defaults to O.R.C..
Large corporation with many shareholders. 1 smaller group of shareholders voted to have the company buyback all the shares of larger group of shareholders who wanted bought out. Another large group of shareholders voted no but the motion still passed. The ending result would give me majority control and I didn't vote. How can this be possible? Seems to easy.
The articles of incorporation are standard. No by-laws. Most everything defaults to O.R.C..
Large corporation with many shareholders. 1 smaller group of shareholders voted to have the company buyback all the shares of larger group of shareholders who wanted bought out. Another large group of shareholders voted no but the motion still passed. The ending result would give me majority control and I didn't vote. How can this be possible? Seems to easy.
Business Regulation: Can a C Corporation Buyback Shares Resulting in 1 Shareholder Having Majority Control
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