Shareholders' Agreements · glossary

Winding up

Closing the company and selling what it owns, the last resort of the deadlock steps. If a dispute is unresolved six months after a deadlock notice and no buy-sell notice was served, either funding owner may require it. Every owner must then vote for it. Clause 6.6 · Schedule 2, item 13 · Chapter 5

Explained in Chapter 5, Deadlock, of Shareholders' Agreements.

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