That's flat out wrong. In a Democracy, the majority rules, whether it's in anyone's best interest, or not.
I worked for a boat dealer and the owner took on a "silent" partner when he ran into some financial difficulties. Once they brought in a full-time mechanic, replaced a couple of other people and decided to look for a larger location (we were kicking azz and taking names- the silent partner knew very little about how to run a business or any kind of retail operation, let alone about boats), they decided that a third partner with more money could really facilitate growth. Unfortunately, the two added partners were friends from way back and that made it like three kids on a playground. They voted to remove the company founder, without him being there. This was against the company by-laws, but that didn't make any difference in court.
So, yeah, you're out. Sorry.