Shareholder Agreements Under RMBCA Section 7.32
This lesson is a comprehensive discussion of shareholder agreements under section 7.32 of the Revised Model Business Corporation Act (RMBCA).
The lesson covers four major topics:
- The requirements for a valid shareholder agreement under section 7.32(b).
- The notice to subsequent purchasers of the corporation's shares required by section 7.32(c)
- The limits on corporations whose shareholders may utilize section 7.32.
- The ways in which a section 7.32 shareholder agreement may modify the usual corporate governance rules.