McMinn v. MBF Operating, Inc.’s Empirical Analysis

Citation profile

25 state decisions

Most-quoted passages

The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 25 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.

1. “[a] shareholder of a corporation who has a right under this section to obtain payment for his shares shall have no right at law or in equity to attack the validity of the corporate action that gives rise to his right to obtain payment, nor to have the action set aside or rescinded, except when the corporate action is unlawful or fraudulent with regard to the complaining shareholder or to the corporation.”

   3 later decisions quote this exact passage
   e.g. Peters Corp. v. New Mexico Banquest Investors Corp. · McMinn v. MBF Operating Acquisition Corp.

2. “have conferred upon the dissenting minority the right to force the corporation to buy out the minority interest in the corporation in order to avoid oppression of the dissenting minority shareholder and to compensate the minority for the loss of its traditional common law veto power.”

   1 later decision quote this exact passage
   e.g. NM BANQUEST INVESTORS v. Peters Corp.

3. “We agree that breach of fiduciary duty may sometimes rise to the level of fraud or illegality, but we decline to extend the statutory exception to all claims of breach of fiduciary duty. Other jurisdictions hold similarly.”

   1 later decision quote this exact passage
   e.g. NM BANQUEST INVESTORS v. Peters Corp.