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STEVENS BY PARK VIEW CORP. v. RICHARDSON

No. S-1860.

755 P.2d 389 (1988)

R.W. STEVENS, By and For the Benefit of PARK VIEW CORPORATION, an Alaska corporation, Appellant, v. F.M. RICHARDSON, Rose-Marie Richardson, Hector Guzman, and Providence Guzman, Appellees.

Supreme Court of Alaska.

May 6, 1988.

Attorney(s) appearing for the Case

Hugh G. Wade, Wade & DeYoung, Anchorage, for appellant.

Lewis F. Gordon and A. William Saupe, Baily & Mason, Anchorage, for appellees.

Before RABINOWITZ, C.J., and BURKE, MATTHEWS, COMPTON and MOORE, JJ.

OPINION

MOORE, Justice.

A dissenting shareholder in a closely-held corporation brought this derivative suit to set aside a real estate commission the corporation paid to an officer-director-shareholder. The superior court granted summary judgment, holding that the commission was reasonable and fair to the corporation and therefore was not improper. We affirm the summary judgment on the alternative ground that the shareholders ratified the payment of the...

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