kaal:claim:3017612-013

Voting arrangements are not self executing: their existence does not relieve the corporation of observing the legal formalities of director and shareholder action.

Source quote, verbatim

Voting arrangements are not self-executing, and the mere existence of a voting arrangement does not mean that the corporation should dispense with the legal formalities of director and shareholder actions.

From

Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017), III.1 Shareholders' Agreements on Shareholder Rights, p. 7
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

voting trusts, pooling agreements, and irrevocable proxies

Classification

failuresupport: assertedfailure: non-self-executing-voting-arrangementfamily: legal-personality-and-liability-gapgovernance-designrisk-and-incentives

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 33821db406f92efbe1698fbaed37687595c13b7ce5463b4a879df679fd4af1ac. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/ca11a21646761f8a...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3017612-013.md | sha256sum