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The corporations legal structure, i.e. its bylaws provide whatever remedies you may have as a shareholder. Generally, The Board of Directors has the power to vote the sale of significant assets of the corporation. However, if a majority of the shareholders disagree with that action they can step in, call a special election and vote in a new board that will not approve a sale. Your corporations structure may be more complex than an ordinary business corporation, because of the different interests of the adjacent property owners. Without examining the actual bylaws, it is impossible to tell you exactly what your remedies might be. I suggest that you form a group of shareholders who think as you do and jointly hire an attorney to render an opinion.
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