Skip to main content
· 9/29/1960

Gidwitz v. Lanzit Corrugated Box Co.

Citations

  • 170 N.E.2d 131
  • 20 Ill. 2d 208
  • 1960 Ill. LEXIS 409

How courts have described this case

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

  • holding oppressive conduct does not require proof of illegal or fraudulent acts, mismanaged or misapplied assets, or disaster that is imminent
  • finding that going ten years without an annual shareholder meeting “indicates a deprivation of shareholders’ rights”
  • “Truly the management is controlled by the stockholders acting through their elected directors, and it is contemplated that the corporation is to be controlled by the majority stockholders.”
  • unilateral management of corporation in the absence of majority stock support
  • not specifying the date on which the suit was filed

Source: CourtListener parenthetical corpus (CC0).

Judges: Hershey

Read full opinion on CourtListener

Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.