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No. A stockholder would need to convince the board of directors to vote to take such an action as a corporation. On the other hand, a number of shareholders can sue the board of directors for not taking prudent steps to protect the business and assets of the company.
Wiki User
∙ 16y ago
Wiki User
∙ 15y agoYes, a corporation can sue its shareholder.
Wiki User
∙ 9y agoYes, a shareholder can sue a corporation. A shareholder can get a hold of an attorney and get some advice on what the steps will be.
Wiki User
∙ 13y agoYes, a legally created corporation is a legal personality independent of its officers and shareholders and can be sued in its own name.
Wiki User
∙ 13y agoIn some cases, yes, particularly if that individual was the person directly responsible for the injury or loss being sued for.
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Must one possess a shareholder certificate to have standing to sue the corporation?
No. But they must have one to appear and speak at shareholder's meetings.
CAn you sue a corporation?
Yes, you can sue a corporation.
What is a company that is owned by a shareholder called?
A corporation
What is a company that is owned by shareholder called?
A corporation
Who requires shareholder meetings?
State statutes and corporation bylaws require annual shareholder meetings
What group of people who own a corporation are called?
shareholder
Group of people who own a corporation are called?
shareholder
What type of corporation is more likely to be a shareholder wealth maximizer?
A closely held corporation is more likely to be a shareholder wealth maximizer. On the other hand, one with wide ownership and owners who are not directly involved will not be a shareholder wealth maximizer.
The only way that a shareholder can affect the management of a corporation is to get elected to the corporation's board of directors?
FALSE
Can a shareholder sue his or her corporation to enforce preemptive rights?
The corporate charter giving preemptive rights can be enforced in court, if necessary, and a corporation would normally try to avoid having to defend such an action at a delicate time, i.e., while wooing new investors.
In forming a Sub S corporation if the shareholder contributes a piece of equipment to the corporation what is its basis in the corporation?
The equipment would become a fixed asset of the corporation.
What type of corporation would be a shareholder wealth maximizer?
A closely held corporation would be a shareholder wealth maximizer because owners are invested in their company. They may make decisions that increase their profits.
