When Does My Business Need a Corporate Records Discovery Master?
August 15, 2018Pursuant to Rule 53 of the Arizona Rules of the Civil Procedure, a court has the authority to appoint a master to perform duties consented to by the parties, as well as address other pretrial and posttrial matters in ongoing litigation that cannot be effectively and timely addressed by the sitting judge. This can a…
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How Does a Director Find a Safe Harbor?
August 14, 2018Corporate transactions sometimes present potential conflicts of interest for one or more of the directors. But directors can rely on safe harbors, which may protect them from allegations of impropriety or inappropriate conduct related to the transaction. These rules are set forth in A.R.S. § 10-860, et seq. First,…
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What is a Forced Buy-Out?
August 10, 2018Disputes among shareholders can lead to the dissolution of a corporation, either through court action or agreement. Since the shareholders already disagree on major issues related to corporate operations, the likelihood that they will agree on the terms of a corporate dissolution are slim. For example, it may not b…
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