shareholder control agreement

noun

Legal Definition of shareholder control agreement

: a written unanimous agreement of shareholders that transfers control of specified areas of corporate governance (as election of directors and officers, issue of dividends, employment of shareholders, or arbitration of disputes) from directors and officers to the shareholders

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Dictionary Entries Near shareholder control agreement

shareholder's derivative suit

shareholder control agreement

shareholder resolution

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Cite this Entry

“Shareholder control agreement.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/shareholder%20control%20agreement. Accessed 26 Oct. 2021.

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