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Yes, a corporation can sue its director if the director breaches their fiduciary duties, engages in misconduct, or acts against the interests of the corporation. This legal action is typically pursued to protect the corporation's assets and interests. Shareholders or the board of directors may initiate the lawsuit if they believe the director's actions have harmed the corporation. However, laws regarding such actions can vary by jurisdiction.

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Related Questions

CAn you sue a corporation?

Yes, you can sue a corporation.


What is a de facto directorless corporation?

A de facto director is a person or committee that acts in place of a director in a corporation. The de facto director is legally responsible for the corporation.


Can a major corporation be sue in a small claims?

No.


Can a company director sue the company?

yes...


Who do the stockholders of a corporation elect?

board of director's


Can you sue the owner of a corporation for damages or legal issues?

Yes, you can sue the owner of a corporation for damages or legal issues if they are personally responsible for the actions that caused harm. This is known as piercing the corporate veil.


What defines a corporation?

A corporation is a legal entity that is distinct from its owners. It has the right to enter into contracts, loan and borrow money, and sue.


Can a company director sue his own company?

yes, as the company is a legal entity, and it can be sued by the director if the shareholders of a company use the company as the alter ego of the shareholders.


Can you sue a C Corp?

C corporations are separate entities that can sue and be sued. However, because C Corporations are separate, they are taxed separately from their owners


Can a shareholder sue a corporation?

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.


Can a director of a non profit corporation also be an employee of he company?

Yes.


Who is the managing director of Nigerian national petroleum corporation?

Victor ozodinobi