What is the remedy for shareholders in a company with no history of paying dividends?
British Columbia, Canada
The following excerpt is from Runnalls v. Regent Holdings Ltd., 2008 BCSC 1073 (CanLII):
In many companies, the remedy for a shareholder in the position of these respondents is simply to sell his or her shares to any buyer who can be found. That is not an option for these petitioners, who are shareholders in what has always been a family company. And, as Southin J.A. said in Safarik v. Ocean Fisheries, supra, “in a company with no history of paying dividends, shares are in reality worthless unless they can be realized.” (at para. 99.)
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