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KEENE v. BROOKHAVEN ACADEMY, INC.

No. 2008-CA-01381-SCT.

28 So.3d 1285 (2010)

Dudley KEENE, individually and on behalf of Brookhaven Academy and Shareholders of Brookhaven Academy v. BROOKHAVEN ACADEMY, INC., Brookhaven Academy Educational Foundation, Inc., Jeff Gatlin, Ken Powell, Phil McGee, and Dean Snider.

Supreme Court of Mississippi.

March 4, 2010.

Attorney(s) appearing for the Case

Durwood Earnest McGuffee, Jr., Madison, attorney for appellant.

Frank Chandler Breese, III, Jackson, Dudley F. Lampton, Hazlehurst, Cecil Maison Heidelberg, Ridgeland, attorneys for appellee.

Before GRAVES, P.J., DICKINSON and CHANDLER, JJ.

CHANDLER, Justice, for the Court.

¶ 1. This case involves whether the acts of a for-profit corporation were properly ratified and proper procedures were followed in the formation and transfer of responsibilities to a nonprofit organization. Dudley Keene, a shareholder in Brookhaven Academy, Inc., (the Academy) filed suit against the Academy and Brookhaven Academy Educational Foundation, Inc., (the Foundation) in the Chancery Court of Lincoln County, Mississippi...

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