Pennsylvania Proposal to decrease authorized common and preferred stock
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Resolving disagreements between shareholders Put preventative measures in place. Shareholder disputes are more common in companies that do not have a shareholders' agreement in place. ... Consider professional mediation. ... Buy out the disputing member's shareholdings. ... Sell the whole company. ... Take court action.
Although shareholders can't amend decisions already made, they can voice approval for specific actions or raise objections that will influence future decisions. If the shareholders disagree with the direction a director is taking the company, they may be able to remove the director from their position on the board.
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS.
The Pennsylvania Business Corporation Law at 15 P.S. § 1979 provides that the dissolution of a business corporation does not eliminate or impair any claim existing against the corporation, its officers, directors, or shareholders if an action or proceeding on that claim is brought within two years after the date of ...