HOSCHETT V. TSI INTERNATIONAL SOFTWARE, LTD.
683 A.2d 43 (1996)
NATURE OF THE CASE: These were cross motions for summary judgment seeking an order for a corporation to hold an annual meeting and to make a stockholder list publicly available.
FACTS: Hoschett (P) is a registered owner of 1,200 shares of common stock of TSI (D). D is privately owned with 962,274 shares of common and 860,869 shares of convertible preferred stock which are held by less than 40 stockholders of record. D has never had an annual meeting for the election of directors. P filed this action seeking an order to compel an annual meeting. P moved for summary judgment. D cross motioned; they had written consent from a majority of the voting power to elect five directors and that satisfies the requirement to hold an annual meeting.
ISSUE:
RULE OF LAW:
HOLDING AND
DECISION:
LEGAL ANALYSIS:
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