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Case Citations July 2015 through February 2016 [1] (2015-2016)

handle is hein.ali/alicgv0086 and id is 1 raw text is: PRINCIPLES OF THE LAW OF CORPORATE GOVERNANCE PART I. DEFINITIONS § 1.23 Interested Neb.2015. Cit. in ftn. Condominium-unit owner filed a putative derivative action on behalf of condominium association against association and owner that won a bid for the purchase of the condominium's limited common elements, alleging that the sale of the limited common elements was invalid. The trial court entered judgment for plaintiff. Affirming in part, this court held that plaintiff had standing to bring a derivative proceeding. Citing Principles of the Law of Corporate Governance § 1.23 for the definition of an interested director or officer, the court rejected defendants' argument that the business-judgment rule prevented the court from conducting an inquiry into the association's decision, and explained that the majority of the votes were not from disinterested members. McGill v. Lion Place Condominium Association, 291 Neb. 70, 84, 864 N.W.2d 642, 654. A im m mI For earlier citations, see the Appendices, Supplements, or Pocket Parts, if any, that correspond to the subject matter under examination.

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