GOODE v. RYAN


397 Mass. 85 (1986)

489 N.E.2d 1001

THOMAS E. GOODE, administrator, vs. JOHN W. RYAN, JR., & others.

Supreme Judicial Court of Massachusetts, Suffolk.

March 12, 1986.


Attorney(s) appearing for the Case

Thomas E. Goode (John J. Walsh, Jr., with him) for the plaintiff.

Alan B. Rubenstein (Peter Friedenberg with him) for the defendants.

Present: HENNESSEY, C.J., WILKINS, ABRAMS, & LYNCH, JJ.


HENNESSEY, C.J.

The plaintiff brought this action seeking a declaration that the fiduciary obligation which shareholders of a close corporation owe one another requires that majority shareholders purchase, or cause the corporation to purchase, the shares of a minority shareholder on the death of the minority shareholder. A Superior Court judge allowed the defendants' motion for summary judgment on this claim and the plaintiff...

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