Shareholders Lawyer

Calgary - Toronto - New York City

Neufeld Legal P.C.

Shareholders Meeting - Law

Main   Lawyer   Major Share Deal   Shareholdings   Essentials   Agreement   Disputes   Email   Calgary. Toronto. New York.


Lawyer Profile

Major Share Deals

Acquisition / Merger

Divestiture / Sale

Buy-Out : Shotgun

Buy-Out : Put / Call

Buy-Out : Negotiated Exit

Investor Buy-In

Hostile Takeover


Public vs. Private Shares

Majority Shareholders

Minority Shareholders

Investing in Shares

Shareholder Essentials

Incorporation and Shares

Shareholders Meeting

Shareholders Agreement

Dangers of Having None

Dangers of Generic

Value of Custom Agreement

Component Parts

Shareholder Disputes

Change in Shareholders

Post Buy-out Disputes

Breach of Fiduciary Duty

Shareholder Litigation

Death / Terminal Illness




Dealing with corporate shareholdings when a shareholder suddenly dies.

The sudden death of a shareholder can be a calamitous event for all interested parties, from the surviving shareholders to the estate of the deceased shareholder. For there is an expectation that one's business partners will not meet an untimely demise. So when it does occur, not only is it unfortunate and heart breaking on a personal side, it can be highly problematic on the corporate side.

The situation is only exacerbated when there is no unanimous shareholders agreement or the terms of the agreement are inadequate given the corporation's financial situation. For where a comprehensive unanimous shareholders agreement is in place, together with the corporation holding appropriate life insurance coverage over the life of the deceased shareholder, such that addressing the situation on the corporate end is largely procedural, where any of these elements are missing or inadequate, the situation can become highly problematic. Those problems only grow where the interested parties are incapable of coming to a compromise solution and thereby presses one or all sides to dispute the proposed alternate arrangement, given that the various sides are not capable of achieving the necessary concessions, especially where one side is not legally required to make such concessions.

Other legal matters pertaining to a shareholder's personal condition, etc.: death - terminal illness - mental incapacity - retirement - spouse's position - surviving shareholder(s) - share undervaluation

For knowledgeable and experienced legal representation in dealing with legal matters impacting a shareholder's corporate shareholdings, contact the law firm of Neufeld Legal P.C. at or as follows:

Calgary, Alberta: 403-400-4092 (admission: Alberta Law Society)

Toronto, Ontario: 416-887-9702 (admission: Law Society of Upper Canada)

New York City: 646-681-4491 (admissions: New York State Bar, Southern and Eastern Districts of New York - United States District Court)


Shareholder Meeting Lawyer

unanimous shareholders agreement

private shareholders session

public shareholders dispute

common voting shares

shareholding announcement

This website is solely intended for informational purposes, and does not constitute any investment advice or legal advice, for which the reader should be obtaining specific professional advice from the appropriate professional knowledgeable in that field and the specifics of that particular individual and business. Although this website has been published in good faith, no representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by us in relation to the accuracy or completeness of this website and any such a liability is expressly disclaimed. No information set out or refer to in this web site shall form the basis of any contract. We encourage you to seek out the appropriate professional advice with respect to your business and legal decisions. Neufeld Legal PC headquarters - 77 Tuscany Ridge Mews NW, Calgary, Alberta. Copyright 2017. All rights reserved.

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