Under the terms of the unanimous shareholder agreement, the powers of the directors can be withdrawn or restricted in one of the following manners, namely:
Imposing on directors a special majority for decision-making;
Ratification of their decisions by the shareholders; or
Total withdrawal of powers from the directors and their transfer to the shareholders.
The unanimous shareholder agreement, available on this website, is a document that provides the main clauses of which an overview is given in the "Summary" tab above.
This document will meet your needs for a relatively simple unanimous shareholder agreement. For an agreement of which conditions are more complex, please contact .
The signing of a unanimous shareholder agreement can be very useful when shareholders of a corporation hold a number of shares much more greater than others. Indeed, the signing of such an agreement ensures that the corporation's decisions are taken by majority of votes held by shareholders rather than by the majority of directors in office.
If the corporation's shareholders also wish to settle the administrative aspects of the corporation regarding the shareholding or the sale of shares to third parties in the event of a disagreement or death of a shareholder, please use our other service available for this purpose, namely: the "Shareholder Agreement".
Summary of the clauses available for the preparation of your unanimous shareholder agreement.
Identification of the shareholders
Scope and precedence
Enforceability of the agreement against holders of shares without voting rights (if necessary)
Various clauses relating to the choice made by the shareholders among the following:
Imposing on the board of directors a special majority for their decisions
Ratification of the board's decisions by the shareholders prior to their enforcement/implementation
Transfer of all powers of the board of directors to the shareholders
Shareholders' voting rights
Restriction on transfer of shares
Endorsement on share certificates
Trust and legal person
Statement of existence of the agreement
Dispute resolution - mediation and arbitration
Effective date of the agreement
Initial period - Renewal
Termination of the agreement
Amendment of the agreement
* These fees may be changed within a 60-day notice and in accordance with section 71 of the Code of ethics of notaries.
GST and QST not included.
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