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Civ-Pro
Case Summary |
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3078 Since a claim that defendants fraudulently transferred assets of a corporation, thus reducing the value of the shares held by plaintiff shareholders is an action based on damage to the corporation and derivative of the corporation's rights; shareholders have no standing to sue individually.CitationPACLINK v SUPERIOR COURT (Derivative Action) 90 CA4 958 [See: CorpC 17000- 17655; Jones v Ahmanson 1 C3 9; Rankin v Frebank 47 CA3 75] |
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Finz Case Law Summaries (Finz Advance Tapes)
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