Joint Shareholders Clause Samples
The Joint Shareholders clause defines the rights and obligations of parties who jointly own shares in a company. It typically outlines how decisions regarding the jointly held shares are to be made, such as requiring unanimous consent for voting or transferring shares, and may specify procedures for resolving disputes between joint shareholders. This clause ensures that all joint owners act in concert regarding their shared interests, preventing unilateral actions and reducing the risk of internal conflicts.
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Joint Shareholders. If two or more persons hold shares jointly, any one of them present in person or duly represented at a Meeting of Shareholders may, in the absence of the other or others, vote the shares, but if two or more of those persons are present in person or represented and vote, they shall vote as one the shares jointly held by them.
Joint Shareholders. If two or more persons are registered as joint holders of any share, the Corporation shall not be bound to issue more than one certificate in respect thereof, and delivery of such certificate to one of such persons shall be sufficient delivery to all of them. Any one of such persons may give effectual receipts for the certificate issued in respect thereof or for any dividend, bonus, return of capital or other money payable or warrant issuable in respect of such share.
Joint Shareholders. In case several persons are registered as the joint holders of any securities of the Corporation, any one of such persons may give effectual receipts for all dividends and payments on account of dividends, principal, interest and/or redemption payments in respect of such securities.
Joint Shareholders. If two or more persons are registered as joint holders of any share:
(a) the Corporation shall record only one address on its books for such joint holders;
(b) the address of such joint holders for all purposes with respect to the Corporation shall be their recorded address; and
(c) any one of such persons may give effectual receipts for the certificate issued in respect thereof or for any dividend, bonus, return of capital or other money payable or warrant issuable in respect of such share.
Joint Shareholders. Where two or more Vendors hold any of the Shares jointly those Vendors' obligations under this Agreement are joint and several, but their entitlements to participate in payments of the Purchase Price and to vote under this Agreement are to be treated as if together they are one Vendor.
Joint Shareholders. If there are joint shareholders registered in respect of any share,
Joint Shareholders. Deceased Shareholders
Joint Shareholders. In the case of joint holders, a cheque for payment of dividends, bonuses, returns of capital or other money payable, shall, unless such joint holders otherwise direct, be made payable TO the order of all of such joint holders and mailed to them at the .address shown in the records of the Corporation.
Joint Shareholders. If two or more persons are registered as ------------------ joint holders of any share, the Corporation shall not be bound to issue more than one certificate in respect thereof, and delivery of such certificate to one of such persons shall be sufficient delivery to all of them. Any one of such persons may give effectual receipts for the certificate issued in respect thereof or for any dividend, bonus, return of capital or other money payable or warrant issuable in respect of such share. Joint Shareholders may collectively designate in writing an address as their recorded address for service of notice and payment of dividends but in default of such designation the address of the first named joint Shareholder shall be deemed to be the recorded address aforesaid.