Clark v. Sims

How courts have described this case

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

• a close corporation has a small number of stockholders; no ready market for the corporate stock; and substantial majority stockholder participation in management or operations
• “Marchman applied the traditional rule and held that the shareholder in that case lacked individual standing to bring a direct action against third persons for damages resulting from an injury to the corporation, even though the shareholder was indirectly injured.”

Source: CourtListener parenthetical corpus (CC0).