Quantcast



Corporate – Shareholders – Articles of Incorporation – Unsatisfied Conditions (access required)

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.


POST A COMMENT

Comments are closed.


The Dolan Company