MGSB22H3 Chapter Notes - Chapter 22: Transfer Tax, Accounting, Chief Executive Officer
Document Summary
Shareholders" agreements: a corp. with few shareholders often use a shareholders" agreement to create an arrangement for the governing of the corporation they may, changing shareholder voting entitlements. 2: create rules for share transfers change shareholder approval requirements. Mgtc31 ch. 22 corporate statutes provide sh with variety of remedies in situations where their interests have been injured by acts of the corporation/directors. Oppression: when the actions by a corp. have unfairly disregarded or prejudiced their interests, shareholders may claim relief under the oppression remedy. Approval of a transaction lacking a valid corporate purpose that is prejudicial to a particular shareholder. Failure by the corporation and its controlling shareholder to ensure that a transaction between them was on terms that were comparable to the terms that would have been negotiated by parties who were not related to each other. Other actions that benefit the majority shareholder to the exclusion or the detriment of minority shareholders.
