Corporate – Shareholders – Articles of Incorporation – Unsatisfied Conditions
Sessions v. Five “C’s,” Inc. Where the defendant-corporation’s articles of incorporation made it clear that, in order to become a shareholder, an individual had to work for the corporation and pay $1,000, and where plaintiff did not work for the corporation at the time of its incorporation and never paid the required $1,000, plaintiff was not a shareholder in the corporation.
We affirm summary judgment for the corporation.
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Published: June 29, 2011
Time posted: 9:44 am
Tags: articles of incorporation, Corporate, shareholders, unsatisfied conditions







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