lack Letter
BANew York Court of Appeals, 1978stubesbozounverifiedsin verificarSkim briefBrief rápido

Triggs v. Triggs

46 N.Y.2d 305 (1978)

A father-son agreement fixing who is chairman and how stock passes

In one lineEn una línea
Provisions of a shareholder agreement that unduly restrict the board may be void, but the rest of the agreement survives where the illegal parts were never relied on.Las cláusulas de un convenio de accionistas que limitan indebidamente al consejo pueden ser nulas, pero el resto sobrevive si nadie se apoyó en las partes ilegales.
RuleRegla
Shareholder agreements restricting directors' discretion are scrutinized, yet a court will enforce the valid portions, such as a stock buyout clause, where the offending provisions were not performed and no one was injured.
Why this case is herePor qué está aquí este caso
The chapter's case on how far a shareholder agreement may restrict directors' discretion: unenforceable parts can be severed if nobody was harmed.
Procedural posturePostura procesal
Action to enforce a shareholders' agreement after a falling out; the Court of Appeals held the agreement's stock-purchase provisions enforceable even though other provisions purported to limit the board.
shareholder (or partner) agreement

AssignedAsignado: 2026-10-06

Read the public opinionLeer la opinión (texto público). SourceFuente: Skim brief from memory of the public opinion; verify facts and holding against the opinion before citing..