It is noted that Bell v. Source Data did not concern a claim by a shareholder against a director for deficiencies in her/his management or supervision of the management of the business and affairs of the corporation, but rather concerned matters external to the corporation, in particular, whether a majority shareholder owed a fiduciary duty to the minority shareholder in relation to the sale by the majority shareholder of his shares to a third party at a price that was not available to the minority shareholder.
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.