Question
1. A close corporation wants their shareholder agreement to indicate that shareholders can withdraw with six months' notice. What else should the transfer restrictions in
1. A close corporation wants their shareholder agreement to indicate that shareholders can withdraw with six months' notice. What else should the transfer restrictions in the share agreement state?
2. The Solamar Resorts, Inc. has fifty thousand common shares authorized. Of these authorized shares, twenty-five thousand are issued and outstanding. If the board holds that each stockholder should get a stock dividend of one common share for each he already owns, are there are enough authorized shares to do so without amending the articles?
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1 Shareholder Agreement Transfer Restrictions While a sixmonth withdrawal notice is a good starting point a wellcrafted shareholder agreement for a cl...Get Instant Access to Expert-Tailored Solutions
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Financial and Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
12th edition
978-1133952428, 1285078578, 1133952429, 978-1285078571
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