Benton Window & Door Little Rock Division, Inc. v. Garrett

David Newbern, Justice.

Respondent William Faust brought this action as a shareholder’s derivative suit. He named the corporate petitioner and the two individual petitioners, who are corporate directors, as defendants. At the time the suit was brought, Faust was not only a shareholder but was the president of the corporation. Faust brought the action in Saline County which is the county of his residence. The basis for laying venue there is Ark. Stat. Ann. § 27-605 (Repl. 1979) which provides:

Actions against corporations — An action, other than those in sections 84, 85 and 90 [§§ 27-601 —…