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Brizzolara v. Sherwood Memorial Park
061496 Brizzolara v. Sherwood Memorial Park 06/08/2007 (Revised 07/02/2007) In a corporate governance dispute presented on motions for summary judgment, the trial court erred in ruling that a majority of the d…
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061496 Brizzolara v. Sherwood Memorial Park 06/08/2007 (Revised 07/02/2007) In a corporate governance dispute presented on motion…
- Court
- Supreme Court of Virginia
- First seen
- Oct 4, 2026
- Last entry
- Jun 8, 2007
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061496 Brizzolara v. Sherwood Memorial Park 06/08/2007 (Revised 07/02/2007) In a corporate governance dispute presented on motions for summary judgment, the trial court erred in ruling that a majority of the directors of a Virginia nonstock corporation could not retire its debt by authorizing payment of outstanding debentures, but correctly ruled under Code § 13.1-842(D) and the language of a special meeting notice, that the members of record on the day before the effective date of the notice could vote at that meeting to remove all of the directors and elect an entirely new board. Aspects of summary judgment availability are also discussed. The judgment is reversed in part, affirmed in par…
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