Richard Arlen Saliterman
One measure of the usefulness of the law generally is its effectiveness in anticipating and resolving disputes, and thereby minimizing the necessity for resort to confrontation and coercion. Unfortunately, the law regarding shareholder relations within close corporations, especially when these relations become strained, has not proven effective. Indeed, in some respects is has been a factor contributing to dissension. This Article will discuss the principal types and causes of dissension in close corporations, and finally, with greater emphasis, the major legal and policy considerations relating to buy-out and dissolution provisions that may solve the problems of dissension in close corporations.
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1974, Dissolution and Buy-Out Provisions as Potential Solutions for Close Corporation Dissention, Utah Law Review PDF