Braun v. Buyers Choice Mortg. Corp.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that the claims were derivative because the body of the complaint alleged injuries that equally affected other corporation shareholders
• “Directors of a corporation are generally not personally liable to creditors for breach of fiduciary relationship, nor are they liable for mismanagement or waste of assets”
• a dissolved corporation “continues its existence for the purposes of winding up and liquidating its business affairs and that dissolution does not prevent suits by or against the corporation in its corporate name”
• corporation at issue was administratively dissolved prior to suit

Source: CourtListener parenthetical corpus (CC0).