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 

Are IRS Agents Fiduciaries?


Image by NCinDC via Flickr The issue in these cases is whether a trustee in the course of administering its fiduciary obligations is entitled to rely on a directly relevant decision of this Court which has neither been overruled nor questioned. The Court of Claims ruled that the United States breached its fiduciary duty by [...]

March 15th, 2009 by admin