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many jurisdictions have business Corporation statutes that prohibit majority shareholders from oppressing the rights of minority shareholders and authorized courts to remedy oppression when it occurs but those statutes often fail to Define oppression or lay out precisely what remedies a court May employ the court in Davis versus Sheeran considered both what constitutes oppression and whether a buyout of minority shareholders interest is a permissible remedy William Davis and James Sheeran Incorporated the wh Davis Corporation Davis owned 55 percent of its stock and Sheeran owned the remaining 45 percent Davis and Sheeran served as its officers and directors Davis was its president and ran the day-to-day operations Thirty Years Later Davis refused Sheerans demand to inspect the corporations books unless Sheeran produced his stock certificate Davis claimed that sometime in the 60s Sheeran had gifted his stock to Davis Sheeran sued Davis in Texas State Court claiming oppressive conduct