Bar Exam Uniform Quiz
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You represent a client who owns a 15% minority interest in a closely held corporation. The client has discovered credible evidence that the majority shareholder, who is also the corporation's president, has been using corporate funds to pay for personal vacations and home renovations. The client's goal is to compel the president to repay the corporation for the misappropriated funds. The corporation's board of directors consists of the president, the president's spouse, and your client.
What is the most appropriate first strategic step for your client to take to achieve this goal? Select one.
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