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Shareholders' AgreementDraft 4 · s. 6.2
6.2 Reserved Matters. The Corporation shall not, and the Shareholders shall cause the Corporation not to, without the prior written consent of Shareholders holding not less than seventy-five percent (75%) a majority of the issued and outstanding Common Shares, (a) issue any shares or securities convertible into shares, (b) declare or pay any dividend, or (c) enter into any transaction with a Shareholder or an affiliate of a Shareholder.
ChronologyTab 3 · Motion Record
14 Mar 2024Shareholder loan of $1.2M advanced
02 May 2024Board resolution declaring a dividend
27 May 2024Transfer of 40% of the shares to a numbered company
19 Jun 2024Financial statements circulated
08 Aug 2024Notice of annual meeting issued
AuthoritiesSchedule A · Factum
BCE Inc. v. 1976 Debentureholders, 2008 SCC 69
Wilson v. Alharayeri, 2017 SCC 39
Rea v. Wildeboer, 2015 ONCA 373
Naneff v. Con-Crete Holdings Ltd. (1995), 23 O.R. (3d) 481 (C.A.)