I am a 50% shareholder with my mother & dad at 25% each. We own a farm that is leased to my brother. I left the area for about 12 yrs. Because of my parents. I've since come back and have taken over position of sec.-treas. My mother has refused to turn over past invoices of the corp. Upon some looking at past records I found that she never billed the utility bills to my brother while he was leasing the farm. When asked why, she said he was family. This amounts to over $ 50,000.00. Can I bill him for the utilities? Can I go after my mother for failure to bill him? I think there was some sort of conspiracy to defraud the company. What steps can I take?
Quorum
Is a quorum determined by the people or shareholders? I own 50% and the 2 others own 25% each. Is there a quorum with the 2-25% shareholders or do they me to make a quorum? I live in Montana.