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Matt is a shareholder of Magic Mania, Inc., Some decisions that have been made lead him to believe that the business was being mismanaged. Matt

Matt is a shareholder of Magic Mania, Inc., Some decisions that have been made lead him to believe that the business was being mismanaged. Matt provides notice to the board of directors that the corporation has been wronged and asks that the board bring suit in the name of the corporation directly. Identify and describe the actions the board may take in response to this demand.

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