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Shareholder Agreements – Part Six
November 4, 2011
Shareholder Agreements: 6) Defaulting shareholders A shareholder agreement can provide remedies in the event that a shareholder defaults in his or her obligations to the company, or if the circumstances of a shareholder change fundamentally. For example, if a shareholder quits his or her job with the company, goes bankrupt, or becomes physically or mentally [...]
Located in: Corporate and Commercial Law
Tagged: agreements, commercial, corporation, defaulting, defaulting shareholders, directors, distribution of profits, financing, participation in management and protection of minority shareholders, restrictions on share transfer, shareholder, shareholders, shotgun clause, the death of a shareholder
