Unanimous Shareholder Agreement Canada

According to Toronto-based boutique law firm Wakulat Dhirani, LLP, the U.S. “can identify a class of critical decisions that require majority and/or unanimous shareholder approval, to ensure that the majority shareholder is not able to make unilateral decisions without first obtaining the agreement of other stakeholders.” Under the CBCA, the board of directors has control over the management of the corporation, unless there is unanimous shareholder agreement that transfers the directors` powers and liabilities to shareholders. . . .

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