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Shareholder Agreements Under RMBCA Section 7.32

This lesson is a comprehensive discussion of shareholder agreements under section 7.32 of the Revised Model Business Corporation Act (RMBCA).

The lesson covers four major topics:

  • The requirements for a valid shareholder agreement under section 7.32(b).
  • The notice to subsequent purchasers of the corporation's shares required by section 7.32(c)
  • The limits on corporations whose shareholders may utilize section 7.32.
  • The ways in which a section 7.32 shareholder agreement may modify the usual corporate governance rules.
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