its stockholders, and they are without authority to act as such in a matter in which a director’s interest is adverse to that of the corporation. The directors are not permitted to appropriate the property of the corporation to their benefit, nor should they permit others to do so.”); see also Tex. Bus. Orgs.Code § 7.001(c)(1), (3). Like most of the actions wé have already discussed, these types of actions may be redressed through a derivative action, or through a direct action brought by the corporation, for breach of fiduciary duty. See, e.g., Holloway, 368 S.W.2d at 576; Becker, 15 S.W. at 1095-97 (permitting shareholders to bring suit on behalf of company for corporate directors’ alleged misapplication of corporate funds); see also Wingate v. Hajdik, 795 S.W.2d 717, 719 (Tex.1990) (<HOLDING>). And in limited circumstances, as we have
holding that unless a shareholder can show personal cause of action and personal injury claims for fraud and breach of fiduciary duty belong to the corporation and not the shareholder holding shareholder thirdparty benficiaries to corporate contract have individual breachofcontract claim holding that shareholder could not prevail on breachoffiduciaryduty claim against other shareholder because alleged mishandling of funds did not result in any injury to the corporation holding that sole shareholder could recover on behalf of company but not in individual capacity for former shareholder and officers misappropriation of corporate assets holding that a shareholder who disposes of his shares loses standing to bring a derivative action no longer a shareholder in the corporation the defendant cannot maintain a derivative action on its behalf