If a small company has three shareholders, 65%, 30%, and 5%; can the 30% minority shareholder sell his shares without notification to the board if there was no shareholders' agreement drafted previously? What rights does a minority shareholder have in general?
2006-08-23 21:38:29 · 2 answers · asked by KingJ 2 in Business & Finance ➔ Small Business
It is a limited company, which is actually located overseas but I wanted to get some general ideas of the usual rights of shareholders. Thanks!
2006-08-23 21:51:04 · update #1
It depends on the legal system and on the bylaws ruling the company. Please, state where the company is registered (state/country) and the legal form of the company.
2006-08-23 21:46:06 · answer #1 · answered by virgilio costa 3 · 0⤊ 0⤋
Depends.
Give details for reply to be to the point
2006-08-24 05:29:59 · answer #2 · answered by Anonymous · 0⤊ 0⤋