Gries v. Plaza Del Rio Management Corp. – 9/9/2014
September 24, 2014
Arizona Court of Appeals Division One Holds That the Word “Shall” in A.R.S. § 10-1434(E) Is Directory and Not Mandatory, Merely Establishing the Order of Events; Thus, a Court May Discontinue Proceedings on a Shareholder’s Election to Purchase Shares in Lieu of Dissolution If It Would Be Equitable to the Corporation and Shareholders.
