What Rights Does a Shareholder Have to Look at Corporate Books and Records?
August 7, 2018Shareholders in a corporation have specific rights to inspect a corporation’s books and financial records under Arizona law. See Ariz. Rev. Stat. Ann. § 10-1602. Upon giving five days of advance notice in writing, shareholders have the right to appear at the corporation’s principal place of business during reg…
DetailsWhat Remedy Does a Corporation Have When an Employee or Principal Departs with Trade Secrets?
August 3, 2018Trade secrets—such as formulas, business processes, or proprietary methods—consist of information that derive independent economic value by not being known to others, and which are the subject of reasonable efforts to maintain their secrecy. They can be the lifeblood of a successful business, but they often tak…
DetailsWhat is Shareholder Oppression and What Can Be Done About It?
July 31, 2018Shareholder oppression occurs when the majority shareholders or directors of a corporation control and operate the business in a way that harms and unfairly prejudices the minority shareholders. The minority shareholders often have no decision-making power or ability to question suspect business practices or other …
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