What is the test for reasonable expectations under s. 200 of the Corporations Act?
British Columbia, Canada
The following excerpt is from Paley v. Leduc, 2002 BCSC 1757 (CanLII):
The reasonable expectations of the shareholders, including the expectation that the shareholder will be able to participate in the affairs of the company in a meaningful way, is the starting point in considering any application pursuant to s. 200. Learned authors, cited with approval by Lowry J. in Urquhart v. Technovision Systems Inc. 2002 BCSC 172 (B.C.S.C.) at paras. 39-42, have argued that the reasonable expectations of the shareholders should govern the remedy afforded under s. 200.
"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.
Other Questions
In what circumstances will the Director of Directors of a Corporation be able to claim that a claim against the Corporation is based on an allegation that the Corporation has not paid the Director a fair share of the proceeds of litigation? (British Columbia, Canada)
What is the test for calling a witness who could reasonably reasonably be expected to provide supporting evidence? (British Columbia, Canada)
Is it significantly unfair to require the commercial section of the building’s reasonable expectations to contribute to the repair costs of the elevator? (British Columbia, Canada)
What is the test for determining whether a strata has met reasonable expectations under a BCS plan? (British Columbia, Canada)
What is the test for determining whether a reasonable person would expect icy conditions would have been present? (British Columbia, Canada)
Is a spouse entitled to receive a pension benefit from the Pension Corporation of BC Pension Corporation? (British Columbia, Canada)
Can a majority shareholder of a corporation sue the directors of the corporation for personal losses? (British Columbia, Canada)
Is reasonable conduct in litigation reasonable enough to warrant a reduction in costs? (British Columbia, Canada)
Is there a reasonable expectation that adult children will share equally in a parent's estate? (British Columbia, Canada)
What is the test for an occupier to prove reasonable steps taken by the occupier were reasonable in all circumstances? (British Columbia, Canada)
