Langlois’ Legal Tips : The Shareholder Agreement

You are an entrepreneur and a shareholder of a start-up corporation that you and your partners have created. You would like to have access to the minutes of meetings of the corporation’s board of directors and to the resolutions it has adopted, but you are not a member of the board.

Have you thought of including a provision in the shareholder agreement to the effect that each shareholder and officer undertakes to send the other shareholders any requested information concerning the corporation?

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