Baker v. Commercial Body Builders, Inc.

This is a suit under ORS 57.595 by the owners of 49% of the stock in a “close corporation” to compel a dissolution of the corporation for alleged “illegal, oppressive and fraudulent” conduct by defendants Siler as directors of the corporation, and for “misapplication and waste” of its assets. ①

Plaintiffs appeal from a decree dismissing their complaint, based on findings by the trial court that “[p]laintiffs have not established by the required quantum of evidence, that any acts of the defendants Siler, as directors, have been or now are illegal, oppressive or fraudulent” or “any showing of…