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Could a shareholder commence an action against mike

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Reference no: EM132488871

The directors of Abatole Ltd. held their last meeting on December 5 at 8:30 a.m., and it was conducted more like a party than a usual meeting. mike, a director, signed a contract to purchase land from Xenon Corp., of which mike is the sole shareholder. The directors also voted to issue more shares and sold them to 3 directors in order to give them voting control of the corporation.

Could a shareholder commence an action against mike? How? Explain.

Reference no: EM132488871

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