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why is the gambotto case very important in relation to members rights? a. The Gambotto case proved that where the majority can justify an expropriation
why is the gambotto case very important in relation to members rights? a. The Gambotto case proved that where the majority can justify an expropriation of shares and the price offered is greater than the market price an expropriation can be justified as for a proper purpose b. The Gambotto case has no legal principle. It was decided on a single fact situation concerning the expropriation of shares by a majority c. Where a majority of members use their powers to expropriate a member's shares the expropriation must be for a proper purpose and fair in all circumstances. Merely saving the company money will not justify this use of majority power d. The Gambotto case established a principle that
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