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Questions tagged [shareholders]

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2answers
50 views

Does company have the right to purchase my vested shares after I quit?

Here's some context in case it's relevant. I worked at a startup which issued shares (not options) to employees. A good chunk of my shares have vested over the 4-year vesting period. I have ...
2
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0answers
49 views

Why is it legal to look at pending stock orders for some participants

another question indicates that market participants can take a look at the orders for a stock, option or futures. An ordinary investor can only look at the BID and ASK, but not the entire series of ...
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2answers
1k views

What was wrong with 2010 Flash Crash?

While looking for recent market crash, I came upon 2010 Flash Crash, but I am unable to understand what wrong did the alleged Navinder Singh Sarao did. Entering an "order to sell stocks( or shares)" ...
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2answers
116 views

Is it advisable for a person write his own contract if he is good in english but don't know legal jargon?

A lawyer scared me by saying, yes you can right your own contract but chances are most of your clauses won't hold in court cause you don't know legal jargon. However, I know english and my english is ...
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1answer
23 views

Who approves the creation of new shares in a Proprietary Limited Company?

I'm struggling to find a concrete answer for this. Who approves the creation of new shares in a Proprietary Limited Company? Is it the Board of Directors (through board resolution), or Shareholders (...
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2answers
34 views

What does 'The Company' refer to in this proprietary ltmited company constitution?

I'm trying to understand who has the right to issue new shares in my proprietary limited company (wherther through board or general resolution). I found the following clause in the constitution: ...
31
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1answer
6k views

What's the difference between a share and a stock?

In my company constitution I found the following: At any time, the directors may allot and issue unissued shares subject to clause 8, or grant options over unissued shares, on any condition and ...
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1answer
39 views

Can a private company board of directors issue new shares?

If so, wouldn't this be unfair against shareholders as this would devalue their shares and voting rights?
3
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1answer
28 views

Where are Share Classes defined in an LLC?

Where are Share Classes defined in an LLC. For example, if I look at facebook's constitution at the link below, there are no definitions for share classes. I was thinking there would have been such a ...
2
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1answer
47 views

What's the difference between Ordinary, Class A and Class B Shares?

I incorporated my company using an Online service. Not knowingly, I created class A, B and Ordinary shares during the incroporation. However, in the company constitution there are no mention of what ...
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0answers
14 views

Is it necessary to convert Pvt. Ltd. to public if there are 204 members?

In a Pvt. ltd. company it was found out that there were 204 members. In the enquiry it was ascertained that 6 of such members had been employees of the company in the past and they acquired shares ...
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1answer
24 views

Loan conversion in company shares

We have a small business with the following situation: 3 partners with the following share distribution: 10%, 45%, 45%. One of the 45% partners has made €75k loan to the company which is convertible ...
7
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1answer
2k views

Does a shareholder of a company also have copyright rights?

If I buy, say, a share in The Walt Disney Company, does that give me part ownership in the intellectual property? Does this ownership then give me the right to copy it?
4
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1answer
111 views

Where is the legal responsibility to maximise shareholder value stated in UK company law?

I can not find where in the model articles for UK companies it says the responsibility of the directors is to maximise shareholder value. https://www.gov.uk/government/publications/model-articles-for-...
2
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1answer
108 views

Do I have to formally accept a transfer of shares to me, in the UK? Or can they be transferred to me without my consent?

I have become estranged from my business partners. One of them insists that I am owed shares in the company, but I don't wish to accept them, not least for reason that I believe the shares to be ...
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1answer
57 views

Can a company refuse service to a share holder?

Assume a large public company. Would the director, or majority share holders of a company be able to legally refuse service to a share holder (on non protected-class grounds)? Would the quantity of ...
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2answers
138 views

'payable in like kind'? 'non-electing' shares?

each share of Series B Preferred Stock shall, by virtue of such transaction and on the same terms as apply to the holders of Common Stock, be converted into or exchanged for the aggregate amount ...
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1answer
59 views

interpretation of an article

The term "Common Stock" as used in this Appendix B means the Company's Common Stock without par value, as the same exists at the date of filing of the Amendment to the Company's Amended Articles ...
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1answer
37 views

difference between 'assigned' and 'endorsed' in this context?

Each such notice of redemption shall be irrevocable and shall specify the date that is the redemption date, the redemption price, the number of Shares to be redeemed, the place or places of ...
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4answers
227 views

How does shareholders' limited liability work in practice?

Given that: A shareholder in a limited company is not personally liable for any of the debts of the company, other than for the amount already invested in the company and for any unpaid amount ...
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1answer
130 views

Whose instructions should be followed in a dispute - majority shareholder vs company director? (UK)

Many years ago, Contractor Fred signed a general works contract with John Smith, owner and sole director of Small Company Ltd. The contact was agreed directly between Fred and John (as opposed to ...
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1answer
47 views

I am a shareholder in a Private C-Corp, what are my rights?

I am a shareholder in a private c-corp. I am trying to get financial records for the company and they are ignoring me. I believe this is my right as a shareholder. What options do I have? Am I ...
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1answer
23 views

Do shareholder agreements have to be identical within the same company?

I am being told that the various potential shareholders must sign an identical shareholder agreement. I have a problem with a clause relating to confidential information and have been told it ...
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1answer
225 views

Examples of shareholder derivative lawsuits where shareholders prevailed ( USA/EU/Canada)

When a publicly traded company's stock value falls due to some incident or event faced by the company, the shareholders have sued the company alleging breach of duty among other causes of action. The ...
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1answer
51 views

Full ownership split between two legal entities

Hope this is fit for Legal.SE. I work with large financial institutions and often obtain diagrams representing the legal entity perimeter (i.e. full list of legal entities, with ownership % and "who ...
1
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1answer
78 views

Researching of decades old oil well deed?

In 1981 my father purchased interest in an oil well, for which I have the paperwork. I am attempting to do some research on behalf of my mother to see if, after all this time, there was/is any value ...
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1answer
52 views

Question regarding share of profit and loss in LLP

A started an online business (India) on his own. Now he wants B and C as partners to register an LLP. But A wants to retain 20% of share (he calls it founder's share) aside without any liability of ...
3
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1answer
201 views

What limited legal rights do bondholders, suppliers, and employees have in a corporation?

According to this article corporations prior to the 1970s were run differently; until the idea that Milton Freidman put forth that a corporation's job was to maximize shareholder value; before that ...
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3answers
310 views

I own 35% of a family business. Should I be receiving 35% of the profits of the company?

I own 35% of a family business. I resigned from the company but still own 35%, should I be receiving 35% of the profits of the company? It is a small business and they are refusing to buy out my ...
4
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2answers
2k views

How is a shareholder allowed to sue the company?

There are news about shareholders suing VW due to the losses that happened by the emissions fraud (lots of examples in the news, this is just one of them). Now, I understand customers suing VW, and I ...
3
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1answer
395 views

Can the Feds not put Bank Executives (or their employees) in Prison for Fraud?

I see stories such as this one quoted below where a Wells Fargo exec who headed phony accounts unit collected $125 million. Basically the notion is that big fat cat bankers can swindle people out of ...
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0answers
32 views

Two shareholder agreements in parallel

I am looking to receive an investment from an accelerator (investor A) and from a private investor (investor B). I have draft shareholder agreements with both investors A and B. My lawyer is telling ...
3
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1answer
154 views

Conflict of interest when removing a director

I work for a UK limited company with two shareholders, and two directors. I am one of the directors and the majority shareholder (over %50 of total shares). The company's articles of association are ...
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1answer
30 views

Can I sell shares for an app I made?

Is this possible? I dont mean sell shares of a company that makes apps but shares of an app itself without a company.
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0answers
53 views

Ensuring Promised Equity is well secured when joining a start up

I am currently working for a start up and we have been talking about an equity deal, where I would be compensated with some percentage of the company plus salary. I want to ensure everything is ...
1
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1answer
31 views

What is a good formulation for a minor share agreement of USA company (Inc.), before the company shares/options are issued?

The company "Foo Inc" is registered in the U.S. It has not issued any shares or stock options yet. A company CEO (Alice) needs to make a signed agreement with a third party (Carol) that Carol ...
2
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0answers
111 views

Do examples exist of a HOA covenants for water in a watershed?

I'm looking for any precedent examples that give shape to how HOA-like covenants (group ownership) work for a natural resource — specifically a watershed. Here are some concepts typical to HOA ...