Legislator Case Law & Legislation
KKO 2666/2002 AI generated

Shareholder group owner cannot unilaterally drive company meeting resolution without board approval.

Case Number KKO 2666/2002
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed

Legislator summary

AI generated

The Supreme Court dismissed the shareholder group owner's claim to unilaterally drive a company meeting resolution. The owner argued that as the sole owner of the shareholder group, they should have the right to initiate the meeting, while the opposing party contended that the board of directors holds exclusive authority to convene meetings. The court ruled that the law grants the board the power to call meetings, thereby excluding the shareholder group owner from this specific procedural right.

Legislator headnote

AI generated

Act on Limited Liability Companies s. 10; Act on Limited Liability Companies s. 11: The board of directors has the exclusive right to convene a shareholders' meeting, and a shareholder group owner cannot unilaterally drive the meeting or its resolution without board approval.

Keywords

AI generated
shareholder group owner company meeting procedure board of directors authority unilateral meeting drive limited liability company law

Cited Legislation

AI generated
Act on Limited Liability Companies s. 10
Act on Limited Liability Companies s. 11
AI generated

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Full text

Kysymys osakeryhmän yhteisomistajan oikeudesta yksin ajaa yhtiökokouksen päätöksen moitekannetta.