Quantcast
Home / Opinion Digests / Court OKs Minority Owner’s Pay, Distributions (access required)

Court OKs Minority Owner’s Pay, Distributions (access required)

A family business that operated a miniature golf course in Virginia Beach and whose majority owner died, cannot recoup “excessive compensation” paid to the minority owner, decedent’s son, who operated the business, says a Virginia Beach Circuit Court. The executor of the estate of the majority owner alleges the son misused his authority as a director ...