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- - tl;dr
- - ICRA
- - Facts & Holding
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This legal case centers around a dispute involving the election of directors and officers in a corporation with cumulative voting rights. The main issue is the validity of a "Memorandum of Agreement" that outlines the parties' stock ownership and voting trust agreements. The court concludes that the agreement is enforceable, upholding the authority of the designated arbitrator in directing voting rights and dismissing objections that the agreement violates public policy. However, the court determines that the agreement does not meet the criteria of an arbitration agreement, ordering a new stockholders' meeting overseen by a court-appointed master.
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