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What is Salunat Case: Stockholder Remedies about?

This document discusses the Hornilla vs Salunat doctrine regarding when a stockholder or member of a corporation can sue the directors on behalf of the corporation. The doctrine states that a stockholder or member can sue corporate directors for breach of trust through fraud, ultra vires acts, or negligence if the corporation is unable or unwilling to institute its own suit to remedy the wrongs against it. Any suit would be on behalf of the stockholder or member and other shareholders for the benefit of the

Author

Paolo Bañadera

Language

EN