Category Archives: CORPORATE GOVERNANCE

A Stock Redemption Agreement That Violates A Statutory Restriction on Source of Funds Is Illegal and Unenforceable

Posted on December 4, 2011 by Wendy Couture

Case: Taylor v. AIA Services Corp., Docket No. 36916       Court: Idaho Supreme Court Date Issued:    September 7, 2011 Justices: Opinion Author:  Burdick, Chief Justice Concurring in Opinion:  Eismann, Justice; Trout, Justice Pro Tem; Hosack, Justice Pro Tem Concurring and Specially … Continue reading →

Posted in CONTRACTS, CORPORATE GOVERNANCE, Hon. Roger S. Burdick, IDAHO BUSINESS LAW TOPIC, Illegality, OPINION AUTHOR, Public Policy, Stock Redemption Agreements, SUMMARY AUTHOR, Wendy Couture | Comments Off

If a Shareholder Vote is Required to Authorize the Use of Capital Surplus to Redeem Stock, the Authorization Must Be Explicit

Posted on December 4, 2011 by Wendy Couture

Case: Taylor v. AIA Services Corp., Docket No. 36916       Court: Idaho Supreme Court Date Issued:    September 7, 2011 Justices: Opinion Author:  Burdick, Chief Justice Concurring in Opinion:  Eismann, Justice; Trout, Justice Pro Tem; Hosack, Justice Pro Tem Concurring and Specially … Continue reading →

Posted in CORPORATE GOVERNANCE, Hon. Roger S. Burdick, IDAHO BUSINESS LAW TOPIC, OPINION AUTHOR, Shareholder Approval, SUMMARY AUTHOR, Wendy Couture | Comments Off