0

Subjects>Law & Government>Law & Legal Issues

Do shareholders have the right to bring suit on behalf of the corporation against executive officers and directors for improper conduct?

Anonymous

∙ 18y ago

Updated: 11/7/2022

Yes, it's called a "derivative action".

Wiki User

∙ 18y ago

What else can I help you with?

Related Questions

Is it improper for an officer or director of a private LLC to take a personal loan from an investor in the corporation?

Per NASD and the SEC an act doesn't have to be illegal to be improper. Anytime there can be the insinuation of conflict of interest it is improper. In this case it is improper unless there existed a prior documented relationship that supports the situation of a personal loan between the two.

Did the United States Sugar Corporation hurt the Everglades?

In 1991, United States Sugar Corporation was fined $3.75 million for improper disposal of hazardous materials from one of its Clewiston mills in the Everglades

Can you make a sentence with improper?

I hope this is not an improper answer. Is this suit improper for the dance? Was the response improper?

What legal factors determine when a court may pierce the corporate veil in Texas?

In Texas, a court may pierce the corporate veil if there is evidence of fraud, improper conduct, or if the corporation is being used to evade legal obligations.

What are the effects of an improper diet?

improper heath

What is greater an improper or proper fraction?

improper

How do you use the world improper in A sentence?

"That was improper behavior" "Its quite improper to invite your self over"

What is a sentence using the word improper?

Here are 3 examples:The book is improper for him.This movie is improper for the children.Why did you let her see this improper show?

A fraction whose numerator is greater than the denominator?

That is called an improper fraction.That is called an improper fraction.That is called an improper fraction.That is called an improper fraction.

What is a kind of an improper number?

An improper number is when the numerator is larger than the denominator which is named a improper fraction.

What is an improper factors?

The factors which are not proper are improper factors.

Is ballet improper dancing?

no, ballet is not improper dancing

Trending Questions

What party was the majority in the house and senate in 1973? Does an American father have any rights to his child that was born and still resides in Mexico? What tools do police officers use? What was the intellectual movement that focused on potential and achievements? How can we prevent the harmful effects of pesticides on the environment and biodiversity, particularly in relation to the crucial role that bees play in pollination and ecosystem health, and ultimately avoid the scenario where we inadvertently kill the be? What is the process for foster to adopt in Arkansas? What is the penalty for a Class C felony in Tennessee? Where did the 'amber alert' come from? How much a lawyer earn in Bangladesh? What should you do if you receive an e-mail asking you to verify personal information online? Why should learner drivers know about the consequences of drink driving? Does the IRS override the decision of the supreme court for claiming a child for taxes the father doesnt contribute 50 percent of child support and the child never resides with him? What is the minimum sentence for attempted first degree murder in Maryland? What makes a true statement about reserved and concurrent powers? Community Specialists manages the building I live in in Chicago and I hate them how do I change the management company for the condo building I live in? What were the articles of conferdation? Can you get married in another state without them finding out you are already married? Why should a bald person or person with a shaved head be require the use of a hairnet? Why is a regular census necessary to the U.S. government? Both parents die with property in tenants of entirety do heirs receive the property?

Resources

Top Categories

Product

Company

Copyright ©2025 Answers.com. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.