Sale of shares by private agreement between the shareholder and the issuer - Resolutions

Description

• A corporation that is a shareholder of the capital of an issuer may agree with the latter to purchase back shares of its own capital.
• The available resolution is suitable for the sale of a single class of shares that have already been fully paid by the shareholder to the issuer.
• This resolution meets the needs of a majority of corporations for relatively simple situations.

• For a more complex situation, please contact  .

• In general, any decision concerning a corporation must be subject to a resolution passed by its board of directors.
• Any resolution of the corporation must be kept in its minute book.