Legal Question in Business Law in Delaware

Assuming this is a c-corp, generally speaking, the nationality of the shareholder is irrelevant. Rather the process of voting is of importance. The vote has to be done according to the procedures outlined in the certificate of incorporation and/or bylaws of the corporation. If neither document addressed the voting procedure then voting is done according to the corporate law of the state of corporation.

In addition, if the the minority shareholders believe that the majority shareholder is not acting in the best interests of the corporation, then the minority shareholders could initiate a shareholder derivative law suit to try and stop the majority shareholder.

Shareholder disputes tend to escalate quickly so I urge you to consider legal representation to avoid unnecessary problems and higher costs down the road. Feel free to ping me offline.

Roman R. Fichman, Esq.

www.TheLegalists.com │ @TheLegalist

email: Info (@) TheLegalists (dot) com

t e l : 2 1 2 -- 3 3 7 -- 9 8 3 7

Disclaimer: This post has been written for educational purposes only and was not meant to be legal advice and should not be construed as legal advice or be relied upon. No intention exists to create an attorney-client relationship or any other special relationship or privilege through this post. The post may contain errors, inaccuracies and/or omissions. You should always consult an attorney admitted to practice in your jurisdiction for specific advice. This post may be deemed as Attorney Advertising.