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Home / Opinion Digests / Corporate – Nonstock Company – Debenture Payoff – Cemetery (access required)

Corporate – Nonstock Company – Debenture Payoff – Cemetery (access required)

In this lawsuit in which two groups are vying for control of a not-for-profit, nonstock corporation, formerly Sherwood Burial Park Inc., now Sherwood Memorial Park Inc., the trial court did not err in holding that directors of the corporation had authority to retire certain debentures even though holders of those debentures, also members of the ...

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