Betrayed, Belittled . . . but Triumphant: Claims of Shareholders in Closely Held Corporations

The vast majority of Minnesota corporations are small, closely held businesses and most shareholders own less than a controlling interest in the corporations.  You should be familiar with the rights and remedies that are available to minority shareholders of these corporations.

This article briefly discusses the oppression of minority shareholders and then various theories and claims minority shareholders may utilize to enforce their rights. Finally, the article discusses the general trend of increasing minority shareholder rights and Minnesota Court of Appeals decision which appears to limit some of those rights.