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In Ruffin v.Entertainment of the Eastern Panhandle,the plaintiff was found:
Derivative Suit
A lawsuit brought by a shareholder on behalf of a corporation against a third party, often the corporation's executives or directors, claiming breach of duty.
Treasury Stock
Shares that were issued and later reacquired by the issuing company, held in the company's treasury and not actively traded.
Authorized Shares
The maximum number of shares that a corporation is legally allowed to issue, as specified in its articles of incorporation.
Accountability
The obligation of an individual or organization to account for its activities, accept responsibility for them, and to disclose the results in a transparent manner.
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