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 the shareholder is terminally ill.

When a shareholder is diagnosed as terminally ill, the situation for all corporate stakeholders can be extremely sensitive and costly. For the reality is that far too many unanimous shareholders agreements, if there even is such an agreement, are inadequately drafted to effectively deal with terminal illness.

Some of the major inadequacies that arise in such agreements include an expectation of life insurance when there is none or insufficient insurance, when the payment arrangement on the share purchase is too brief, and where there is inadequate liquidity to meet the calculated share buy-out price . Each of these instant instances and others, pose serious problems for both the terminally ill shareholder and his / her estate upon their death and the surviving shareholders who acquire the shares and become responsible for the acquisition price.

As a result, it tends to be prudent to revisit the unanimous shareholders agreement when a shareholder becomes terminally ill, and potentially negotiate alternate arrangements as to the shareholder buy-out.

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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