When May a Corporation be Judicially Dissolved?
A corporation may be judicially dissolved in a proceeding brought by a shareholder if it is established that: “The directors or those in control of the corporation have acted, are acting, or will act in a manner that is illegal, oppressive, or fraudulent.” Section 7-114-301(2)(b). [B]urdensome, harsh and wrongful conduct; a lack of probity and [...]
April 30th, 2009 by admin
When Does the Statute of Limitations Begin to Run?
[39] An action for breach of fiduciary duty between directors and shareholders is subject to the three-year statute of limitations set out in §13-80-101(1)(f), C.R.S. 1999. Michaelson v. Michaelson, 923 P.2d 237 (Colo. App. 1995), rev’d on other grounds, 939 P.2d 835 (Colo. 1997). The statute begins to run when the plaintiff’s cause of [...]
April 30th, 2009 by admin
