Stephen Edmund Blaine's Answers

Majority stock holder is dumping assets without any notice to other stockholders

The majority owner owes you a fiduciary duty. He cannot legally ignore your rights and interests and treat the corporation as if it were his own sole proprietorship. You also have statutory inspection rights. If required to file suit, your rights to access the corporation's books and records will be significantly enhanced. Unfortunately, from what you relay, it appears you will need to file suit or at least threaten to do so through competent counsel in order to get the bad guy's attention....

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