Question: A derivative action occurs when a corporation feels compelled by the consequences of one decisionto act on another decision. allows a corporation to sue a
A derivative action
occurs when a corporation feels compelled by the consequences of one decisionto act on another decision.
allows a corporation to sue a shareholder who refuses to pay the purchase pricefor their shares.
is an action by someone on behalf of the corporation that can be pursued onlywith court approval.
always occurs in connection with a unanimous shareholder agreement.
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