Shareholder Agreements - The Law Society of Saskatchewan

Corporate Commercial Section 6
2009 © The Law Society of Saskatchewan Shareholder Agreements
7. SHAREHOLDERS
Shareholders' meetings - if outside Saskatchewan, requires unanimous consent;
Quorum for decision of shareholders - to be determined by number and/or
shareholdings or any special class requirements;
Casting vote provision - is it desirable
Telephone meeting - is this desired
8. CONDUCT OF BUSINESS OF CORPORATION
Unanimous consent of shareholders - under what circumstances: for example:
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
(j)
(k)
Changing the articles or bylaws of the corporation.
Changing the authorized or issued capital (shares) 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 on behalf of the corporation,
or incurring any single expenditure in excess of $________ 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 a substantial part of
the 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 of another corporation.
Saskatchewan CPLED Program
Corporate–P–6–19