MRL ASSIGNMENT 1
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MRL 2601 ASSIGNMENT 1
- Exam (elaborations) • 4 pages • 2021
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QUESTION 1
According to section 165 of the derivative action act, the shareholder are to take the
following steps:
Demand (notice) to company
The shareholder can deliver a notice to a company demanding that it institute legal
proceedings or take other steps to protect the company’s legal interests.
Company action
Within 15 days of the company being served with the demand, the company may move
forward and apply to the court to set the demand aside only if the demand is “frivolous,
ve...
Exam (elaborations)
MRL 2601 ASSIGNMENT 1
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ago
QUESTION 1 According to section 165 of the derivative action act, the shareholder are to take the following steps: Demand (notice) to company The shareholder can deliver a notice to a company demanding that it institute legal proceedings or take other steps to protect the company’s legal interests. Company action Within 15 days of the company being served with the demand, the company may move forward and apply to the court to set the demand aside only if the demand is “frivolous, ve...
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