Legal Question in Business Law in California

stockholders meeting

Hello,

I am still a stockholder in my former company.

I just heard they had a stockholders meeting last week and I wasn't invited or informed.

do I have any recourse?


Asked on 3/25/09, 3:59 pm

2 Answers from Attorneys

Re: stockholders meeting

Yes, especially if they voted on anything of substance.

However, is it going to be a situation where they can just outvote you no matter what?

You are still entitled to proper notice and participation in the shareholder meetings.

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Answered on 3/25/09, 4:54 pm
Adam Telanoff Telanoff & Telanoff

Re: stockholders meeting

Yes.

Unless proper, statutory notice was provided nothing done at the meeting was valid.

The real question for you is why they did not invite or inform you of the meeting. It appears that there is a more fundamental problem here that needs to be addressed by you.

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Answered on 3/26/09, 1:21 pm


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