Shareholder Agreements - The Law Society of Saskatchewan

Corporate Commercial Section 6
Shareholder Agreements
2009 © The Law Society of Saskatchewan
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Entering into a partnership or arrangement for the sharing of profits,
interest, joint venture or other type of reciprocal agreement with any
person.
Amalgamating, merging, or consolidating with any other corporate body.
Signing authority on cheques.
Binding the corporation to contracts;
Limitations on business carried on by corporation;
Other matters requiring the approval of the shareholders by less than a unanimous vote;
Any matter requiring prior notification to shareholders by directors or which must be
referred by directors to shareholders for approval.
9. ALLOTMENT OF ADDITIONAL SHARES
Issuance of further shares - unanimity of shareholders or not All classes or certain
ones only
Procedure for giving notice of proposed issue;
Procedure for subscription by shareholders;
Address over-subscription and under-subscription.
10. RIGHT OF FIRST REFUSAL
Consider whether right of first refusal is desirable;
Consider including shotgun buy/sell if shareholder finds third party willing to purchase
all shares of corporation.
11. SHARES AND ADVANCES
General prohibition on the transfer, assignment or pledge without unanimous
consent of all shareholders except in accordance with USA;
Define change of control of corporate shareholder, if desired;
Right of shareholder to assign interest in outstanding shareholder loans/whether
permitted.
Corporate–P–6–20
Saskatchewan CPLED Program