| Commentary

110.2 General running of the business

| Commentary

110.2 General running of the business

Turning to the restrictions which both shareholders and the company may accept, one of the most significant decisions is a decision which affects the nature of the business, its structure or the way it is ordinarily carried on. Here each of the shareholders is likely to want to have the right effectively to veto such a decision. Consequently, the written consent of each shareholder should be needed, for example, for any decision to:

  1. 110.2.1

        engage in any type of business other than that agreed, or to make or permit any material change in that

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