template

Uncommercial Shareholder Resolution

by
Genie Team
Genie Team
Sep, 28 2022

When to use this template

Shareholder resolutions to approve acquisition, disposal and other agreements: intra-group reorganisations. Specimen resolutions to approve acquisition, disposal and other agreements that are proposed to be entered into either on uncommercial terms or where it may otherwise be difficult to show that the transaction or agreement in question is in the company's best interests and promotes its success.

Key issues covered in this template

  • Approve acquisition/disposal
  • Approved agreement
  • Authorisation to execute
  • Authorised to execute
  • Promote success
  • N/A

What to watch out for

  • That the acquisition, disposal, or other agreement is on commercial terms;

  • That the transaction or agreement is in the company's best interests;

  • That the transaction or agreement promotes the company's success

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Used by

Author

Genie Team

Genie Team

@genieteam
Genie AI

The Genie Team consists of lawyers and paralegals. Our aim is to open source the law and provide high quality, regularly reviewed legal documents.

Additional information

Business categories

Relevant sectors

Finance

Relevant company sizes

1 - 3

4 - 19

20 - 49

50 - 249

250 - 999

1000 +

Governing law

England and Wales

Language

English UK

Gender neutral

Yes