kaal:claim:3017612-032

Because shareholder agreements are designed to displace corporate formalities such as majority rule, it is reasonable to require that the intended degree of deviation be set out explicitly in the agreement.

Source quote, verbatim

When a shareholder agreement is included in the corporate charter or bylaws, it becomes subject to amendment as provided therein or by statute.

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

agreements that deviate from default corporate norms

Classification

normativesupport: arguedinstitutional-design

Verify

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Attestation record: colloquium/attestations/f472330506c8b412...json
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