Legal Question in Business Law in Illinois
S corporation officers
Can the president of an S corporation 51% remove the secretary %49 legally without their knowledge and signature? If not what kind of liability would there be on the presidents part?
Asked on 3/15/05, 11:02 pm
1 Answer from Attorneys
Jonas Grant
Law Office of Jonas M. Grant, A.P.C.
Re: S corporation officers
Generally, it would depend on the bylaws, and generally, these would provide the directors would need to make any such changes.
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Answered on 3/16/05, 3:46 am
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