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Posts tagged "Closely held corporation shareholders directors meeting minutes laches"

Superior Court Holds Issues of Fact Preclude Summary Judgment in Dispute Over Control of Closely-Held Corporation

In a dispute between the second wife of the patriarch of a closely-held corporation ("Corporation") and his three sons from his first marriage, the Superior Court, applying Massachusetts law, has held that issues of fact preclude summary judgment where it is disputed what took place at a shareholders' meeting and whether laches barred the sons' complaint respecting an alleged stock call by the corporation.