2025 Session
Last amended: 1982 session
§ 302A.467 — Equitable Remedies
Plain-Language Summary
Allows courts to grant equitable remedies to shareholders who are treated unfairly.
302A.467 EQUITABLE REMEDIES.
If a corporation or an officer or director of the corporation violates a provision of this chapter, a court in this state may, in an action brought by a shareholder of the corporation, grant any equitable relief it deems just and reasonable in the circumstances and award expenses, including attorneys’ fees and disbursements, to the shareholder.
History:
1981 c 270 s 79; 1982 c 497 s 50
History: History: 1981 c 270 s 79; 1982 c 497 s 50
Practical Notes
Shareholders can ask a court for relief if the corporation acts unfairly toward them.