9-7 Common Law Shareholder Oppression
9-7:1 Overview
Common law shareholder oppression first gained traction in Texas in the 1988 case of Davis v. Sheerin.36 The Davis courts and several other courts of appeals erroneously relied upon Section 11.404(b)(3) of the Business Organizations Code to create a cause of action which provided oppressed shareholders multiple equitable remedies.
9-7:1.1 Related Causes of Action
Statutory Shareholder Oppression, Receivership, Officer and Director Liability: Breach of the Duty of Loyalty
MUST READ CASE
Ritchie v. Rupe, 443 S.W.3d 856 (Tex. 2014)
9-7:2 Expressly Rejected in Texas
The Supreme Court of Texas recently rejected...
