Poliquin v. Sapp

How courts have described this case

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

• holding that individual shareholders, having failed to bring an action within the time permitted by the corporate survival statute, could not bring an individual action for injury inflicted upon the dissolved corporation
• noting that a corporation’s dissolution does not create individual rights of action in shareholders where the claims asserted are derivative
• noting that a corporation's dissolution does not create individual rights of action in shareholders where the claims asserted are derivative
• finding that because a breach of fiduciary duty by directors alleged injury to the corporation, shareholders did not have a right to recover damages in their own-names
• noting that corporation directors have duty “to manage the corporate business solely in the interest of the corporation” and “any breach [of that duty] would result in injury to the corporation and the shareholders as a whole”
• because a breach of fiduciary duty by directors alleged injury to the corporation, shareholders did not have a right to recover damages in their own names

Source: CourtListener parenthetical corpus (CC0).