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It’s really – it can arise any time that one shareholder thinks they’re being treated unfairly. And a lot of clients are involved in closed corporations, which is a limited number of members. Not like a big massive corporation like GE or something like this. It’s a closed corporation where there’s either family members or it might be friends who started a business. And any time one of the owners thinks the other owner’s dong something that’s unfair to either themselves or maybe misusing corporate funds, that’s – those are typical situations where close – shareholder disputes arise.
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Minneapolis commercial litigation and professional liability attorney Barry O’Neil discusses the various issues that might arise in a shareholder dispute.