Maryland Acuerdo de Accionistas con Acuerdo de Compra-Venta que Otorga a la Corporación el Primer Derecho de Negarse a Comprar las Acciones del Accionista Fallecido si los Beneficiarios del Accionista Fallecido Desean Vender dichas Acciones - Shareholders' Agreement with Buy-Sell Agreement Allowing Corporation the First Right of Refusal to Purchase the Shares of Deceased Shareholder should the Beneficiaries of the Deceased Shareholder Desire to Sell such Shares

• Category: Sociedades Anónimas - Acciones - Acuerdos Restrictivos - Alabama
• State: Multi-State
• Control #: US-02629BG
• Format: Word

Description

A corporation whose shares are held by a single shareholder or a closely-knit group of shareholders (such as a family) is known as a close corporation. The shares of stock are not traded publicly. Many of these types of corporations are small firms that in the past would have been operated as a sole proprietorship or partnership, but have been incorporated in order to obtain the advantages of limited liability or a tax benefit or both. A buy-sell agreement is an agreement between the owners (shareholders) of a firm, defining their mutual obligations, privileges, protections, and rights. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction. Maryland Shareholders' Agreement with Buy-Sell Agreement Allowing Corporation the First Right of Refusal to Purchase the Shares of Deceased Shareholder is a legally binding contract designed to protect the interests and ensure the smooth transition of ownership within a corporation in the state of Maryland. This agreement addresses the specific situation where a shareholder passes away, and the beneficiaries of the deceased shareholder express a desire to sell their inherited shares. The primary objective of this agreement is to provide the corporation with the first right of refusal to purchase the deceased shareholder’s shares before they can be sold to an external party. This ensures that the corporation, as a collective entity, maintains control and has the opportunity to retain ownership within its existing shareholder base. By incorporating a buy-sell agreement, the Maryland Shareholders' Agreement sets out the terms and conditions under which the corporation can exercise its right of refusal. The price at which the corporation can acquire the shares and the timeframe within which this purchase must be made can be specified in the agreement. This prevents external parties from obtaining ownership and potentially disrupting the corporation's operations or strategic plans. There may be various types of Maryland Shareholders' Agreement with Buy-Sell Agreement Allowing Corporation the First Right of Refusal to Purchase the Shares of Deceased Shareholder. Some common variations include: 1. Fixed price buy-sell agreement: In this type of agreement, the price at which the corporation can purchase the deceased shareholder's shares is set in advance. This establishes clarity and prevents any potential disputes regarding the valuation of the shares when the buy-sell agreement is triggered. 2. Formula-based buy-sell agreement: This type of agreement determines the price of the deceased shareholder's shares based on a predetermined formula, such as a multiple of earnings or a specific financial metric. This formula ensures that the price reflects the fair market value of the shares at the time of the buy-sell agreement's activation. 3. Appraisal-based buy-sell agreement: In this scenario, a professional appraiser is appointed to determine the fair market value of the deceased shareholder's shares when the buy-sell agreement is triggered. The corporation has the right of refusal to purchase the shares at the appraised price. It is essential to consult legal professionals when drafting a Maryland Shareholders' Agreement with a buy-sell provision in order to ensure compliance with state laws and to protect the rights and interests of all parties involved.

Maryland Shareholders' Agreement with Buy-Sell Agreement Allowing Corporation the First Right of Refusal to Purchase the Shares of Deceased Shareholder is a legally binding contract designed to protect the interests and ensure the smooth transition of ownership within a corporation in the state of Maryland. This agreement addresses the specific situation where a shareholder passes away, and the beneficiaries of the deceased shareholder express a desire to sell their inherited shares. The primary objective of this agreement is to provide the corporation with the first right of refusal to purchase the deceased shareholder’s shares before they can be sold to an external party. This ensures that the corporation, as a collective entity, maintains control and has the opportunity to retain ownership within its existing shareholder base. By incorporating a buy-sell agreement, the Maryland Shareholders' Agreement sets out the terms and conditions under which the corporation can exercise its right of refusal. The price at which the corporation can acquire the shares and the timeframe within which this purchase must be made can be specified in the agreement. This prevents external parties from obtaining ownership and potentially disrupting the corporation's operations or strategic plans. There may be various types of Maryland Shareholders' Agreement with Buy-Sell Agreement Allowing Corporation the First Right of Refusal to Purchase the Shares of Deceased Shareholder. Some common variations include: 1. Fixed price buy-sell agreement: In this type of agreement, the price at which the corporation can purchase the deceased shareholder's shares is set in advance. This establishes clarity and prevents any potential disputes regarding the valuation of the shares when the buy-sell agreement is triggered. 2. Formula-based buy-sell agreement: This type of agreement determines the price of the deceased shareholder's shares based on a predetermined formula, such as a multiple of earnings or a specific financial metric. This formula ensures that the price reflects the fair market value of the shares at the time of the buy-sell agreement's activation. 3. Appraisal-based buy-sell agreement: In this scenario, a professional appraiser is appointed to determine the fair market value of the deceased shareholder's shares when the buy-sell agreement is triggered. The corporation has the right of refusal to purchase the shares at the appraised price. It is essential to consult legal professionals when drafting a Maryland Shareholders' Agreement with a buy-sell provision in order to ensure compliance with state laws and to protect the rights and interests of all parties involved.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.