In a closely held corporation,which of the following lawsuits is likely to be brought by a minority shareholder on behalf of a corporation if the majority is acting illegally or oppresses the rights of the minority shareholders?

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In a closely held corporation, if the majority is acting illegally or oppresses the rights of the minority shareholders, a lawsuit known as a derivative suit may be brought by a minority shareholder on behalf of the corporation. If such a suit is brought, the burden is on the director or officer-who may be the majority shareholder-to prove good faith and inherent fairness in such transactions.

In a Closely Held Corporation,which of the Following Lawsuits Is