Impac Mortgage Holdings v. Timm

Impac Mortgage Holdings, Inc. v. Curtis J. Timm, et al., No. 2119, September Term 2018. Opinion by Nazarian, J. BREACH OF CONTRACT – CONTRACT INTERPRETATION – OBJECTIVE VIEW – EFFECT GIVEN TO EACH CLAUSE Under objective view of contract interpretation, clause in Articles Supplementary governing the number of preferred shareholder votes required to amend the Articles was susceptible of only one meaning and was not ambiguous. Language requiring that the consent of at least two-thirds of one class of preferred shareholders—as opposed to two- thirds of both classes counted together—was required…