deadlock

deadlock, n.

1. A state of inaction resulting from opposition, a lack of compromise or resolution, or a failure of election. See tie vote under VOTE (3).

2. Corporations. The blocking of corporate action by one or more factions of shareholders or directors who disagree about a significant aspect of corporate policy. [Cases: Corporations 553(5), 592. C.J.S. Corporations §§ 760, 811, 813–816, 818, 821, 824, 830–831.] — deadlock, vb.


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