Canada Criss-Cross Shareholder Buy-Sell Agreement with Trustee
Ensure the continuity of ownership and management of your company, even if one of the owners dies, with this Shareholder Buy-Sell Agreement for Canadian businesses.
- The shareholders have appointed a trustee for the purpose of holding life insurance policies on each shareholder in trust to the benefit of the other shareholders.
- If a shareholder dies, the trustee, on behalf of the surviving shareholders, will purchase the deceased's shares in the company using the proceeds of the life insurance.
The Canada Criss-Cross Shareholder Buy-Sell Agreement with Trustee template is a downloadable and fully editable Canadian legal form.
Last Updated: 14-April-2016