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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“Shareholder control agreement.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/shareholder%20control%20agreement. Accessed 28 Oct. 2020.

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