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l. L, M and N are the only (and equal) shareholders in closely-held LMN Corp. From the beginning of their business ten years ago, L

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l. L, M and N are the only (and equal) shareholders in closely-held LMN Corp. From the beginning of their business ten years ago, L and M were the company's only directors an officers, distributing the company's annual profits as dividends. Last year L and M decided to discontinue paying dividends. then N complains, L and M say they are retaining profits for expansion plans. N consults you and asks, \"If I sue, would a claim seeking payment of dividends be successful?\" A. Yes. Shareholders in a close corporation have a right to an equal share of profits, jus' like partner in a partnership (who can always seek an accounting) B. Yes. Shareholders in a close corporation can enforce their reasonable expectations, here to payment of dividends, by bringing a fiduciary claim C. No. Dividends need not he paid if the majority has legitimate business purposes for not paying them, here because of expansion plans D. No. Dividends need not he paid, even when funds are available and the majority is acting opportunistically to force the minority to sell his shares to them

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