Phillips Petroleum Company, a Corporation v. Rock Creek Mining Company, a Corporation

How courts have described this case

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

• if requisite number of shareholders acquiesce in transfer of assets, transfer cannot be set aside by nonconsenting minority, applying Idaho law
• informal action taken by officers and directors holding a majority of the shares was valid even though no formal shareholder's meeting was called and the minority shareholder's were not given an opportunity to express their opinion

Source: CourtListener parenthetical corpus (CC0).