(DOWNLOAD) "Warren v. Century Bankcorporation" by In the Superior Court of Pennsylvania # eBook PDF Kindle ePub Free

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eBook details

• Title: Warren v. Century Bankcorporation
• Author : In the Superior Court of Pennsylvania
• Release Date : January 03, 1987
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 73 KB

Description

1 The minority shareholders of Century Bank [Bank] brought this shareholders derivative suit against the Banks directors [directors], Century Bankcorporation, Inc. [Century] and Action Financial Corporation [Action]. Century owns more than 80% of the Banks stock. Action is a wholly-owned subsidiary of Century and is in the business of making loans. The minority stockholders alleged that Centurys ownership and operation of Action violated then existing statutes which prohibited branch banking. The minority stockholders also claimed that Action was unfairly competing with the Bank and that the directors and Century have caused the Bank to pay excessive management fees to Century.

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