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State court of last resort · ST-VA-SC
May v. R.A. Yancey Lumber Corporation
No. 171708Supreme Court of Virginia
171708 May v. R.A. Yancey Lumber Corporation 01/10/2019 In a declaratory and injunctive action by a director and minority shareholder of a corporation, the circuit court erred in sustaining a special plea in b…
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171708 May v. R.A. Yancey Lumber Corporation 01/10/2019 In a declaratory and injunctive action by a director and minority shareho…
- Court
- Supreme Court of Virginia
- First seen
- Oct 4, 2026
- Last entry
- Jan 10, 2019
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171708 May v. R.A. Yancey Lumber Corporation 01/10/2019 In a declaratory and injunctive action by a director and minority shareholder of a corporation, the circuit court erred in sustaining a special plea in bar and entering judgment in favor of the corporation based on an erroneous interpretation of Code § 13.1-724. The plaintiff gave repeated notice to the corporation of her opposition to a planned sale of a significant part of the business, and it could have sought a declaratory judgment concerning its rights before expending effort in seeking a buyer. Thus, it suffered no undue prejudice by having to defend plaintiff's claim when she later brought it. The circuit court abused its discre…
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