An arrangement whereby surviving shareholders agree to buy a deceased shareholder's shares.
Related information about close corporation plan:
- What is a Close Corporation Plan?
Close corporation plans are pre-arranged agreements that make it possible for surviving stockholders to purchase the outstanding shares of a deceased ...
- Close Corporation Plan Definition | Investopedia
A form of business buy-sell agreement. Close Corporation Plans stipulate that the surviving partners must purchase all of the shares owned by the deceased ...
- What is close corporation plan? definition and meaning
Definition of close corporation plan: An arrangement whereby surviving shareholders agree to buy a deceased shareholder's shares.
- Close Corporation Plan: Definition from Answers.com
Close Corporation Plan Prior arrangement for surviving stockholders to purchase shares of a deceased stockholder according to a predetermined formula for.
- Drafting a Shareholders - The Fordham Law School Institutional ...
The ultimate success, or failure, of the close corporation plan setup will usually depend on the skill with which this task has been performed. It is, therefore ...
- commercial lines Definition | Business Dictionaries from AllBusiness ...
... business life and health insurance , business crime insurance , buy-and-sell agreement , close corporation plan , Commercial General Liability form (CGL) ...
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... one's exposure to movements in the market... close corporation plan: An arrangement whereby surviving shareholders agree to buy a deceased shareholder's ...
- Corporate Finance in the Law School Curriculum - Duke Law ...
... subjects as to which the corporate law curricu- lum omits significant contractual components: close corporation plan- ning and the jurisprudence of information.