BTB2220 Study Guide - Final Guide: Fiduciary, Derivative Suit, Fide
Document Summary
Issues document (a) on the question whether the advancement of a company as a legal and commercial entity justified expropriation, the court said: It is only right that exceptional circumstances should be required to justify an amendment to the articles authorizing the compulsory expropriation by the majority of the minority"s interests in a company. M(cid:272)hugh(cid:859)s test of (cid:448)alid alteratio(cid:374) (cid:449)as slightly differe(cid:374)t to (cid:373)ajority change would be valid if it (cid:858)prote(cid:272)ts or pro(cid:373)otes the i(cid:374)terests of the (cid:272)o(cid:373)pa(cid:374)y a(cid:374)d is (cid:374)ot oppressi(cid:448)e(cid:859). 2(a) there are 3 proposals to discuss students should consider both fiduciary and statutory duties. Donation students should discuss whether this is bona fide and in the best interests of healthlife and for a proper purpose (s 181). Bonus to t of ,000 assuming t has already been adequately paid for his services as a ft director/employee, the bonus may not be in the interests of the company or for a proper purpose (s.
