Articles Posted in Shareholder Disputes

Business Corporation Act Section 12.56 Remedies for Oppressed Shareholders
Litico Law Group

June 24, 2015

Illinois law offers a number of remedies for closely held or private corporation shareholders trapped in toxic or dysfunctional relationships with their corporations or fellow shareholders (co-owners). Given the structure of most corporations, 50/50 shareholders and minority shareholders are the most apt to find themselves in these situations. Section 12.56 of the Illinois Business Corporations…

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