Downing Development Corp. v. Brazelton

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 statutory requirement that a two-thirds majority of stockholders approve a sale of substantial corporate assets was incorporated into the proposed sale agreement
• holding that the statutory requirement that a two-thirds majority of stockholders approve a sale of substantial corporate assets was incorporated into the proposed sale agreement
• holding that dismissal of action was not error when written opinion “delineated in some detail” rights of parties and reasons for court’s holding
• contract to sell virtually all assets entered without statutorily required shareholder approval was “invalid and of no legal effect”
• corporate resolution purportedly authorizing sale gave no indication that an offer to purchase had been submitted to the directors
• contract for sale of corporate assets

Source: CourtListener parenthetical corpus (CC0).