Morris v. WASHINGTON MEDICAL CENTER, INC.

PAIR, Associate Judge, Retired:

On this appeal, which followed the dismissal of a complaint for injunctive relief and the denial of a motion for preliminary injunction, the sole issue of substance is whether a Virginia corporation, organized for the purpose of dealing in real estate, may, without stockholder approval, dispose of, by lease or sale, corporate property. The trial court ruled that when any such disposition of property is made in the usual and regular course of the corporation’s business, stockholder approval is not required. We agree and affirm.

Appellant is a minority stockholder…