kaal:claim:3017612-031

Where a shareholder agreement is folded into the charter or bylaws, it thereby becomes subject to whatever amendment procedure those documents or the statute provide, so charter integration exposes the arrangement to later modification.

Source quote, verbatim

Because shareholder agreements are often designed to avoid corporate formalities such as majority rule, "it is not unreasonable to require that the degree of deviation intended be explicitly set out.

From

Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017), IV.1 Legal Effects on the Corporation, p. 15
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

agreement incorporated into charter or bylaws rather than free standing

Classification

mechanismsupport: assertedgovernance-designreputationrisk-and-incentives

Verify

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Attestation record: colloquium/attestations/ad6a090d246deff2...json
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