British Columbia Shareholder Buy-Sell Agreement
Set out in writing how the shares of a departing (or deceased) shareholder in a BC company will be dealt with in this Shareholder Buy-Sell Agreement.
- This Buy-Sell Agreement is for a corporation with two equal shareholders.
- The template includes provision for a mandatory (shotgun) buy-sell notice from a departing shareholder to the remaining shareholder.
- If a shareholder dies, the surviving shareholder must purchase the interest of the deceased shareholder.
- Each shareholder holds life insurance policies on the other shareholder. The insurance proceeds may be applied to the purchase of the deceased's shares by the survivor.
Ensure the survival of your small business with the British Columbia Shareholder Buy-Sell Agreement.
Last Updated: 14-April-2016