A _____ provides for a corporation to repurchase a shareholder's stock when he/she leaves the company.

Question

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A buy-sell agreement is a legally binding contract between shareholders that outlines what happens to a shareholder's shares of stock in the event that they leave the company or pass away. This agreement typically includes provisions for the corporation to repurchase the shares, often at a predetermined price, to maintain control and ownership within the remaining shareholder group. A living trust, family limited partnership, and recovery fund are not typically used for this purpose.

A _____ Provides for a Corporation to Repurchase a Shareholder's