Legal Opinion
Nathalie Taft Andrews v. Sheepscot Island Company
Supreme Judicial Court of Maine
Decided May 10, 2016No. Docket BCD-15-287PublishedCited by 13 opinions
1Opinion of the CourtGorman, J.
[¶ 1] After the shareholders of Sheep-scot Island Company (SICO) approved a plan to convert from a for-profit corporation into a nonprofit corporation, several dissenting shareholders (collectively, the Tafts) sought' declaratory and injunctive relief in the Business and Consumer Docket. 1 The court (Murphy, J.) dismissed the Tafts’ complaint pursuant to M.R. Civ. P. 12(b)(6), concluding that the Tafts could not make out a claim that SICO’s conversion plan was invalid. The Tafts 'appeal, arguing that the court incorrectly applied the law governing corporations and nonprofit conversions. We…
2Cases cited12 opinions
- Yanow v. Teal Industries, Inc.Supreme Court of Connecticut · 1979
- Chicago Corp. v. MundsCourt of Chancery of Delaware · 1934
- In Re Valuation of Common Stock of McLoon Oil Co.Supreme Judicial Court of Maine · 1989
- Stringer v. Car Data Systems, Inc.Oregon Supreme Court · 1992
- Moody v. State Liquor & Lottery CommissionSupreme Judicial Court of Maine · 2004
7 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Alec T. Sabina v. JPMorgan Chase Bank, N.A.Supreme Judicial Court of Maine · 2016
- Erik Wuori v. Travis OtisSupreme Judicial Court of Maine · 2020
- Packgen, Inc. v. Bernstein, Shur, Sawyer & Nelson, P.A.Supreme Judicial Court of Maine · 2019
- U.S. Bank Trust, N.A. v. MackenzieSupreme Judicial Court of Maine · 2016
- Estate of Paul F. Treworgy v. Commissioner, Department of Health and Human ServicesSupreme Judicial Court of Maine · 2017
8 more not listed; retrieve them via the Exa API.