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Turun HO 20.09.1985 TU-527 AI generated

Shareholder's appeal dismissed for waiving invalidity grounds by voting for interest rate increase in shareholders' meeting.

Case Number Turun HO 20.09.1985 TU-527
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The court dismissed the shareholder's appeal against a resolution to increase interest rates, which the shareholder had previously supported. The shareholder had explicitly voted in favor of the resolution, thereby voluntarily relinquishing the right to challenge its validity based on statutory grounds. Consequently, the court held that the procedural waiver precluded any subsequent legal action to annul the decision.

Legislator headnote

AI generated

Laki osakeyhtiöistä 1906/1907, 10 §; 19 §:n 1 kohta: A shareholder who votes in favor of a resolution waives the right to later challenge that resolution's validity on grounds of invalidity.

Keywords

AI generated
shareholder meeting waiver of rights resolution invalidity interest rate increase procedural waiver corporate governance appeal dismissal

Cited Legislation

AI generated
Laki osakeyhtiöistä 1906/1907, 10 §
Laki osakeyhtiöistä 1906/1907, 19 § 1 kohta
AI generated
kko-precedent_1990_24
Shareholder suit dismissed for late filing; appeal rejected; company wins on timing and scope. (16 words)
kko-precedent_2000_89
Shareholder allowed to sue directors for indirect loss of share value from statutory breaches.
kko-other_2020_1567
Supreme Court dismissed appeal regarding apartment company resolution invalidity affecting continued residence permit conditions.
kko-precedent_1989_35
Supreme Court allows appeal against lower court dismissal, ruling that a new shareholder can challenge a prior unanimous resolution requiring all owners' consent.
ECLI:FI:KKO:2025:26
Supreme Court dismisses challenge to apartment co-op share increase as valid share issuance under Act. Court rules share count increase constitutes issuance. Court rejects procedural defect argument regarding share issuance. Court finds share issuance valid under Act provisions. Court dismisses objection based on lack of specific details. Court upholds share issuance despite missing information. Court concludes share issuance was legally effective. Court rejects challenge to share issuance validity. Court affirms share issuance under Act requirements.

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Full text

Asunto-osakeyhtiön osakas oli yhtiökokouksessa kannattanut yhtiöjärjestyksen vastaista yhtiövastikkeiden korottamista koskenutta päätöstä. Koska hän oli siten luopunut oikeudestaan vedota tuohon päätöksen pätemättömyysperusteeseen, hänen päätöksen kumoamista koskeva kanteensa hylättiin.

Läsnä: Schrey - Tulenheimo - Kajanen (apuj.) Esittelijä: Mäkinen

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