- Collection:
- Dean Rusk International Law Center Collections
- Title:
- OPPRESSION OF MINORITY SHAREHOLDERS IN CLOSE CORPORATIONS: THE DISSOLUTION AND BUY OUT REMEDIES
- Creator:
- Wochenmarkt, Alexis
- Date of Original:
- 1997-01-01
- Subject:
- University of Georgia. School of Law
Law--Study and teaching
International law - Location:
- United States, Georgia, Clarke County, Athens, 33.96095, -83.37794
- Medium:
- dissertations
- Type:
- Text
- Format:
- application/pdf
- Description:
- Minority shareholder -- close corporation -- dissolution -- buy-out -- remedy -- oppression -- Business Organizations Law -- Commercial Law -- Legal remedies -- Transnational Law
To understand the potentially dramatic consequences of oppression in a close corporation it is in the first instance necessary, to outline the specific characteristics of these corporations. This thesis concentrates on the peculiarities of close corporations. Most states enacted "oppression" as a generic ground for remedial action. This study evaluates the different standards emphasizing reasonable expectations. Reasonable expectations if properly limited appears to be an efficient tool to measure oppression. In other jurisdictions, mainly where oppression is not available as a ground for dissolution, courts encountered the needs of close corporations by enhancing the owed fiduciary duties. Thus, in some jurisdiction, two cause of action developed, one for oppression measured by the frustration of reasonable expectations and one for breach of fiduciary duties. This thesis also studies different available remedies including dissolution and buy-out remedies. - External Identifiers:
- Metadata URL:
- https://digitalcommons.law.uga.edu/stu_llm/244
- Holding Institution:
- Alexander Campbell King Law Library
- Rights:
-
