SC Bar Practice Questions - South Carolina Bar Examination Exam

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A shareholder of a closely held South Carolina corporation wishes to sue to recover for a wrong done to the corporation itself. The proper form of action is generally:

A direct action for the shareholder's personal damages A derivative action brought on behalf of the corporation, subject to demand requirements A criminal complaint A petition for dissolution only

Correct Answer:

A derivative action brought on behalf of the corporation, subject to demand requirements

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