Which Is More Preferable: a Simple Shareholder Agreement or a Unanimous

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The Answer is A simple shareholders agreement need not be between all of the common shareholders,and even if it is,it must be restricted to the roles of the parties as shareholders.A unanimous shareholder agreement must be between all the common shareholders and need not be restricted to the role of the parties as shareholders.Further provisions in such an agreement usually supersede the provisions of provincial and federal legislation,permitting the powers of the directors to be restricted in whole or part.Thus,a unanimous shareholder agreement would be more preferable to have.

Which Is More Preferable: a Simple Shareholder Agreement or a Unanimous

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Which Is More Preferable: a Simple Shareholder Agreement or a Unanimous

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Correct Answer:VerifiedShow Answer

Correct Answer:
Verified