A provision giving a corporation the right to purchase a shareholder's shares on the death of the shareholder is invalid.

Question

Quizplus · Accepted Answer

A provision granting a corporation the right to purchase a shareholder's shares on the death of the shareholder may be valid depending on the specific agreements and laws governing the corporation. However, it may also be subject to legal challenges or restrictions.

A Provision Giving a Corporation the Right to Purchase a Shareholder's