Recent Answers to Minority Shareholder Law Questions
Can a minority shareholder in a company be forced to sell their shares under a shareholder agreement?
Minority Shareholder
Shareholders Agreement
North Carolina
I am a minority shareholder in a company and recently discovered that there is a shareholder agreement in place. In reviewing the agreement, I noticed a provision that states that if the majority shareholders want to sell the company, they have the right to force the minority shareholders to sell their shares as well. This concerns me as it seems unfair that I could be forced to sell my shares against my will. I would like to know if this provision is legally enforceable and what rights I have as a minority shareholder in this situation.
David W.
Yes, a minority shareholder can be compelled to sell their shares under certain conditions outlined in a shareholder agreement. These agreements often include provisions that address scenarios in which a minority shareholder might be required to sell their shares. Some of these key provisions include Drag-Along Rights and Buy-Sell Agreements.
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