One of the most common types of commercial litigation has to deal with disputes between shareholders. In cases such as these, when the future of a corporation may be at stake, it is essential to know if and when a preliminary injunction or TRO becomes necessary.
There are a variety of statutes and common law rules that govern shareholder relations. The most important of these are the federal statutes, the Model Business Corporation Act (MBCA) and Delaware state statutes, and the common law. Each of these has a unique set of regulations that determines when injunctive relief might be granted.