Watts v. Vanderbilt

How courts have described this case

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

• finding that a demand upon the shareholders to elect directors or other officers to pursue the derivative suit was a condition precedent to the plaintiffs’ right to bring the action, even though there had not been a functioning board of directors for five (5
• affirming dismissal of the shareholders’ derivative action without prejudice to a new action after plaintiffs “have exhausted their remedies through the corporation, or its liquidating trustees, or receiver”

Source: CourtListener parenthetical corpus (CC0).