 |
 |
|
|
|
|
|
|
|
| | | |
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1
.
LETTER OPINION
|
EXTRACTED KEY WORDS
MEMBERS COMPLAINT ASA ALLEGE EXECUTIVE COMMITTEE INJUNCTION ALASKO BREACH APPRAISERS DEL DAMAGES DEFENDANTS DISMISS COURT ETHICS COMPLAINT CHANCERY RULE FAILURE MANDATORY INJUNCTION DUTY MOTION SUPR CREDENTIALS HARM FIDUCIARY DUTY CONTRACT DUES NONPROFIT DIRECTORS MONEY |
C OURT OF C HANCERY
OF THE
STATE OF DELAWARE
JILLIAM B . C H A N D L E R III July 30, 1999 T H
CHANCELLOR
G E O
Kevin G. Abrams
Richards Layton & Finger
One Rodney Square
P.O. Box 551
Wilmington, DE 19899
Robert J. Leoni
Mason Ketterman Morgan & Shelsby
200 Continental Drive, Suite 109
Newark, DE 197 13
Re: Carten, et al. v. American Society of Appraisers, et
Civil Action No. 16118
Dear Counsel:
This is my decision on the defendants' motion to dismiss. The plaintiffs
matter are "dues paying . . . members" of the American Society of Appraisers (ASA),
a Delaware nonprofit association.' They have brought this suit against the ASA and
its former executive committee,' both individually and derivatively under Court of
Chancery Rule 23.1. The complaint alleges that a member of the ASA, Richard
Alasko, conducted an appraisal for one party in a Colorado divorce action in 1990.
The other party in that litigation, William Foxley, filed a grievance with the ASA
' Am. ComI>l. at 77 2-3.
' Am. Com:pl. at lTll 5-14.
SNIPPETS:
|
|
|
| | | |
|
|
