Sailer v. Nationwide Realty Corp.
This text of 556 So. 2d 1248 (Sailer v. Nationwide Realty Corp.) is published on Counsel Stack Legal Research, covering District Court of Appeal of Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
Appellants appeal a final judgment dismissing their complaint against appellees without prejudice to the right to pursue a shareholder’s derivative claim. We affirm. However, our affirmance is also without prejudice to appellants’ right to pursue individual causes of actions against appellees in the event appellants are able to allege such a cause of action which would assert rights individual to themselves and differing from any rights they have in common as shareholders or members of the nonprofit corporation Sanibel Bayous Homeowners Association, Inc. The allegations of the complaint dismissed below did not attempt to assert any such individual rights. Such rights, if any, would arise from a separate and distinct cause of action which would exist, if at all, in appellants in a different capacity than the representative capacity in which they attempted to bring the cause of action underlying this appeal.
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Cite This Page — Counsel Stack
556 So. 2d 1248, 1990 Fla. App. LEXIS 1096, 1990 WL 15925, Counsel Stack Legal Research, https://law.counselstack.com/opinion/sailer-v-nationwide-realty-corp-fladistctapp-1990.