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Document Type

Article

Media Type

Text

Abstract

The purpose of this article is to review the development of the fiduciary duty owed in closely-held corporations. The judicially developed rule expands the ability of the courts to provide relief for shareholders who lack the voting power to force a change and has neither a statutory nor contractual right to relief. The authors identify the theoretical basis, general scope and content of the rule, as well as some other issues that still need to be decided in the course of the further development of the rule.

First Page

239

Last Page

266

Publication Date

5-1-1998

Department

Other

ISSN

0734-1490

Language

eng

Publisher

Northern Illinois University Law Review

Included in

Law Commons

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