Gazette Case: Yao Jincheng v. Hongda (Shanghai) Investment Management Co., Ltd. et al.
Absent a statutory basis or other urgent justification, contribution deadlines implicate individual shareholder timing interests and cannot be unilaterally accelerated by majority vote to the detriment of minority shareholders; such a resolution may be declared invalid.
Holding
Absent a statutory basis or other urgent justification, contribution deadlines implicate individual shareholder timing interests and cannot be unilaterally accelerated by majority vote to the detriment of minority shareholders; such a resolution may be declared invalid.
Issues
changing contribution deadlinesabuse of majority controlinvalid articles amendment