What is the traditional approach of directors of a company to selling shares to its members?
Nova Scotia, Canada
The following excerpt is from Hill v. Bridgemohan, 2008 NSSC 219 (CanLII):
This traditional approach is based on the decision in Percival v. Wright, [1901] 2 Ch.421 where directors purchased shares from their members without revealing that negotiations were in progress for a sale.
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