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Shareholder Agreements – Part Seven
November 4, 2011
Shareholder Agreements: 7) Death of a shareholder The death of a shareholder can paralyze a company that has not prepared for it. Surviving shareholders will likely not want to be in business with the heirs of the dead shareholder, as they may not have the necessary experience or interest, or simply may not be compatible [...]
Located in: Corporate and Commercial Law
Tagged: agreement, corporate, death of shareholder, defaulting shareholders, distribution of profits, financing, life insurance, participation in management and protection of minority shareholders, restrictions on share transfer, shareholder, shareholders, shares, shotgun clause, the death of a shareholder
