substantial benefit
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 396 U.S. 375 - Mills v. Electric Auto-Lite Co. · 1970Most cited · 3,896 citing opinions
a substantial benefit must be something more than technical in its consequence and be one that accomplishes a result which corrects or prevents an abuse which would be prejudicial to the rights and interests of the corporation or affect the enjoyment or protection of an essential right to the stockholder's interest