DeBord v. Circle Y of Yoakum, Inc.

How courts have described this case

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

• stockholder in closely held corporation could sue for breach of fiduciary duty owed to him individually
• “[I]t is well established that the corporation is an indispensable party to a shareholders’ derivative suit. . . . Thus, the corporation is joined as a nominal defendant even though any judgment would run in its favor.”
• “[I]t is well established that the corporation is an indispensable party to a shareholders’ derivative suit. . . . Thus, the corporation is joined as a nominal defendant even 9 though any judgment would run in its favor.”

Source: CourtListener parenthetical corpus (CC0).