Individuals and corporates as shareholders provisions—articles—corporate joint venture—deadlock (50:50) or majority or minority
Individuals and corporates as shareholders provisions—articles—corporate joint venture—deadlock (50:50) or majority or minority

The following Corporate precedent provides comprehensive and up to date legal information covering:

  • Individuals and corporates as shareholders provisions—articles—corporate joint venture—deadlock (50:50) or majority or minority

Article 1.2

Delete ‘27–29 (transmission of shares)’ from this Article.

Article 2.1

Insert new definition as follows:

Permitted Transferee means, in relation to an individual Shareholder, that Shareholder’s spouse or child (including any step child or adopted child) or the trustees of a trust whose only beneficiaries for the time being comprise that Shareholder, that Shareholder’s spouse and all or any of its children (including any step child or adopted child) and, in relation to the trustees for the time being of such a trust, means their successor trustees or any beneficiaries of the trust;

Article 13.1

Replace Article 13.1 with the following new Article 13.1:

13.1 Any Shareholder (the Transferor) may at any time transfer all (but not some only) o

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