Blog
Reclaiming Ownership from Minority Shareholders: The Significance of the Shareholder Agreement
You’re a businessman who’ve poured years into building your own small business. Finding yourself short of needed funds, you decide to bring on some shareholders. So you do just that; reaching out into your community, you bring on a new minority shareholder to get cash flowing. Years pass uneventfully. Then, you and the minority shareholder have a falling out. You want to find some way to divorce...
Waiver in the Context of Covenant Enforcement
Are you bound by the past decisions of board members as it relates to enforcement of restrictive covenants? What constitutes a “waiver” of restrictive covenants? These are common questions among HOA boards throughout North Carolina. The nature of HOAs involves turnover as newly elected board members pick up where others have left off. Often, this includes discovering violations that were either...
Tenant Experiences Explosive Consequences for Failure to Notify Landlord of Property Defect
North Carolina landlord-tenant law may seem daunting at first, but the attorneys of Jordan Price are prepared to assist our clients in navigating all kinds of tricky landlord-tenant situations. I would like to discuss certain aspects of a case in which the failure of the tenant to take timely action with respect to a dangerous defect in a leased property resulted in devastating consequences for...
Corporate Transparency Act as it applies to Homeowners Associations and Management Companies
In our February blog, we explored the various nuances of the Corporate Transparency Act (the “CTA”) as it applies to businesses or entities formed prior to 2024 and during 2024; however, there are more nuances to the CTA regarding Homeowners Associations. Further, the CTA has since been challenged in federal court in Alabama, which resulted in an interesting ruling from the bench. The First...