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The Tyranny of the Majority in Small Co-ops

When someone buys 25% of a four-unit co-op, does the shareholder expect the co-op to be ruled by only one other shareholder, which could be the case if one of those four shareholders owns more than 50% of the co-op's shares? The issue arose in a recent case ...

16 minute read June 24, 2013 at 10:03 AM
By
Darryl M. Vernon
The Tyranny of the Majority in Small Co-ops

When someone buys 25% of a four-unit co-op, does the shareholder expect' the co-op to be ruled by only one other shareholder, which could be the case if one of those four shareholders owns more than 50% of the co-op's shares?

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