If a company does not hold a shareholders’ meeting for two years, does that necessarily constitute corporate deadlock?
Not necessarily. The court must also comprehensively determine whether “serious difficulties have arisen in operation and management and continuance of the company would cause material loss to shareholders’ interests,” and whether the matter remains unresolved after other avenues have been exhausted. The inability to hold a meeting for two years is merely one of the most common circumstances and does not on its own suffice.
