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Corporations Keyed to Rhee
Weddell v. H2O, Inc.
Citation:
271 P.3d 743 (Nev. 2012)Facts
Stewart and Weddell both were involved in some respect with Granite Investment Group and High Rock Holding, LLC. Weddell was elected manager of Granite. Stewart received 1.5 votes and Weddell received 1 vote. Stewart used his majority voting power to allegedly remove Weddell as manager and elected himself manager of Granite. However, pursuant to the Granite operating agreement, a manager can only be removed by the unanimous affirmative vote of all of the members. When Weddell was elected manager of the Granite Investment Group, he was also elected manager of High Rock Holding. Stewart again used his superior voting power to remove Weddell as manager of High Rock.
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