Shareholder Agreements - The Law Society of Saskatchewan

Corporate Commercial Section 6
Shareholder Agreements
2009 © The Law Society of Saskatchewan
[2.02 Dispensing with Auditor
The Shareholders shall in each financial year of the Corporation resolve not to
appoint an auditor of the Corporation pursuant to the provisions of The Business
Corporations Act.]
2.03 Approval of Matters
None of the following actions:
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
(j)
(k)
(l)
(m)
changing the articles or bylaws of the Corporation;
changing the authorized or issued capital of the Corporation;
entering into any agreement or making any offer or granting any right
capable of becoming an agreement to allot or issue any shares of the
Corporation;
taking any action which may lead to or result in a material change in
the nature of the business of the Corporation;
entering into any agreement other than in the ordinary course of the
Corporation's business;
borrowing any money, giving any security or making or incurring any
single capital expenditure in excess of $10,000 or any capital
expenditures in excess of $100,000 in any financial year of the
Corporation;
taking any steps to wind-up or terminate the corporate existence of the
Corporation;
selling, leasing, exchanging or disposing of all or any substantial part
of the undertaking, property or assets of the Corporation;
making, directly or indirectly, loans or advances to, or giving security
for or guaranteeing the debts of, any person;
declaring or paying any dividend;
taking, holding, subscribing for or agreeing to purchase or acquire
shares in the capital of any corporate body;
entering into a partnership or any arrangement for the sharing of
profits, union of interests, joint venture or reciprocal concession with
any person; and
entering into an amalgamation, merger or consolidation with any other
corporate body
Corporate–P–6–4
Saskatchewan CPLED Program