BC Tree Fruits Cooperative (Re)
Former members were proper persons to seek relief under s.156; the proposed special resolution to amend Rule 125, sought after the monitor identified a surplus, would violate former members' reasonable expectations and is oppressive and unfairly prejudicial; accordingly the court will grant declarations and exercise its s.156(3) powers to prohibit convening the special general meeting and to direct the monitor to distribute surplus funds in accordance with the existing Rule 125.
Source excerpt
- Oppression remedy
- Members' reasonable expectations
- Rule amendment
- Distribution of surplus funds
- Standing/proper person