Willis v. Donnelly
118 S.W.3d 10 | Texas Court of Appeals, 14th District (Houston) | 2003
Holding Summary
A majority shareholder breaches fiduciary duty to a minority shareholder by denying promised stock ownership while retaining tax benefits and control, even when the shareholder ratified the underlying contract.
Willis breached his fiduciary duty by denying Donnelly promised stock ownership.
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