The moving parties sought summary judgment in a shareholder oppression dispute involving a closely held home-building corporation, requesting dissolution, appointment of a receiver, and related declaratory relief.
The court held that the longstanding informal manner in which the corporation had operated formed part of the parties' reasonable expectations and that the impugned conduct, including deferred and retroactive salary payments, did not amount to oppression on the record before it.
The court found that one alleged director had not been validly elected, but that his conduct nevertheless did not constitute oppressive conduct.
Applying Rule 20 and the summary judgment framework, the court denied summary judgment, determined several factual and legal issues, remained seized, and directed further steps toward salary determinations, valuation, and a possible buyout or liquidation if no buyout occurred.