kaal:claim:3017612-007

Because public and close corporation shareholders differ materially in bargaining power, close corporation shareholders should be granted greater flexibility to order their affairs by agreement.

Source quote, verbatim

Courts and academics have acknowledged there is a significant difference between shareholders of public and close corporations, specifically in regards to bargaining power, such that close corporation shareholders should have greater flexibility to align their affairs as they see fit.

From

Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017), II. Regulation of Shareholders' Agreements, p. 4
https://ssrn.com/abstract=3017612 · source PDF

Cite as

Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017). SSRN: https://ssrn.com/abstract=3017612

Holds when

closely held corporations

Classification

normativesupport: arguedrisk-and-incentivescorporate-governance

Verify

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Attestation record: colloquium/attestations/92aae44fbb4e9665...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3017612-007.md | sha256sum