Independent Investor Protective League v. Time, Inc.

How courts have described this case

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

• “dissolution, without more, did not deprive the shareholders of their derivative remedy . . .”
• “[A] shareholder of a dissolved corporation has sufficient interest in a derivative action to satisfy the spirit of the rule requiring ownership at the commencement of the action.”

Source: CourtListener parenthetical corpus (CC0).