Unanimous shareholder agreement

Also called usa

What is an unanimous shareholder agreement?

A shareholder agreement among all of a corporation's shareholders that restricts, in whole or in part, the directors' powers to manage the business. Both the Ontario and federal corporate statutes recognise it.

Sources

  1. Ontario Business Corporations Act, s. 108
  2. Canada Business Corporations Act, s. 146

General information about Ontario and Canadian law, not legal advice. All terms