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LSDefine

Simple English definitions for legal terms

shareholder-control agreement

Read a random definition: cross-offer

A quick definition of shareholder-control agreement:

A shareholder-control agreement, also known as a pooling agreement, is a contract between corporate shareholders that states their shares will be voted together as a unit. This means that the shareholders agree to vote in a unified manner, rather than individually, on important corporate decisions. It is also referred to as a voting agreement or shareholder voting agreement.

A more thorough explanation:

A shareholder-control agreement, also known as a pooling agreement or voting agreement, is a contract between corporate shareholders that stipulates their shares will be voted as a single unit. This agreement is typically used to consolidate voting power and ensure that a specific outcome is achieved during a corporate decision-making process.

For example, if a group of shareholders collectively owns a majority of a company's shares, they may enter into a shareholder-control agreement to ensure that they vote together on important matters such as electing board members or approving mergers and acquisitions.

Another example could be a group of investors who pool their resources to acquire a controlling interest in a company. They may use a shareholder-control agreement to ensure that they vote in a unified manner to protect their investment and achieve their desired outcomes.

These examples illustrate how a shareholder-control agreement can be used to consolidate voting power and ensure that shareholders with a common interest can work together to achieve their goals.

shared residency | shareholder oppression

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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