Rice v. Vandenebossche

How courts have described this case

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

• holding that business judgment rule is appropriate standard to determine if cooperative board unreasonably withheld consent to transfer of shares to third party
• “Majori-ty shareholders and directors of a close corporation stand in a fiduciary relationship with the corporation and minority stockholders and are required to exercise the utmost good faith.”

Source: CourtListener parenthetical corpus (CC0).