WebMay 16, 2024 · Exception to Foss Rule: Generally the rule by majority applies and thus minority shareholder cannot bring the action but in these below situation the minority shareholder can bring action to protect their interests: 1. Ultra vires and illegal acts: Acts which are violative of object clause of MOA/AOA are ultra vires & illegal acts. Web{"data":{"documentID":"AZ-ZRmYBTlTomsSBl4-S","title":"07/31/92 PR LEASING COMPANY v. COWIN EQUIPMENT","citeAs":"611 So. 2d 232 (1992)","citationCount":0,"jurisdiction ...
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