Resolution - Sale or transfer of shares to a third party by a corporate shareholder

Description

Rights and obligations of the shareholders of a business corporation

• This service is particularly useful when a shareholder corporate wishes to transfer to a third party the shares it holds in a company issuer.
• In general, any decision concerning a corporation must be formalized by a resolution adopted by its board of directors or by its shareholders if there has been a total withdrawal of directors' powers under a unanimous shareholder agreement of the corporation in force..
• All resolutions of the company must be carefully preserved in its minute book, ensuring traceability and legal compliance.
• The Loi sur la publicité légale stipulates that companies must promptly update the identification of majority shareholders and ultimate beneficiaries with the Registre des entreprises du Québec (REQ).
• This crucial requirement aims to ensure the transparency and accuracy of public information about companies, making it easier for the public and authorities to verify their legitimacy, and reinforcing confidence and security in Quebec's business ecosystem.
• The resolution for a share sale, available on this site, meets the needs of the majority of companies, even for relatively simple situations. It also includes detailed documentation in the "Summary" tab.

• For additional legal information, we invite you to consult our legal frequently asked questions.

Other services offered

Summary

The Share Sale Resolution service includes the following documentation, namely:

• Resolution from the company wishing to sell the shares it holds in an issuing company
• Model transfer notice to be given to the issuing company for the of the shares being transferred

Price

Available option