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In this BL TV program sponsored by OFlaherty Law, Kevin O'Flaherty discusses shareholder oppression in Illinois. Shareholder oppression occurs when controlling shareholders exploit minority shareholders, defined as those owning less than 50% of a company's stock. The Illinois Business Corporation Act defines shareholder oppression as illegal, oppressive, or fraudulent actions by majority shareholders or directors concerning minority shareholders, including the misapplication or waste of company assets. The term "oppressive behavior" refers to arbitrary, overbearing, or heavy-handed actions, although the Act does not explicitly define the behaviors that constitute shareholder oppression.