Posts Tagged "Buy Sell Agreement"

Corporate Buy-Sell Agreements

Posted by on Jun 28, 2011 in Business General Counsel, Business Planning | 0 comments

Michigan law requires corporations to have certain basic governance documents.  Documents such as Articles of Incorporation and Bylaws dictate the relationships, rights, duties and responsibilities of the shareholders, officers and directors of the corporation.  But these standard corporate documents do not typically contain terms for the liquidation of one or more owner’s interest when circumstances call for such a liquidation. In the context of most publicly traded companies, shareholders have a fairly simple way to divorce themselves from the corporation when they are dissatisfied with...

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