Company Precedents for Use in Relation to Companies Subject to the Companies Ac
Company Precedents for Use in Relation to Companies Subject to the Companies Ac
Francis Beaufort Palmer
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Some persons, in order still further to preclude any contention that Occasional the arrangement emljodied in the deed of settlement savours of a sale, v^^^'^^^io^- consider it expedient to appropriate the whole of the shares in the original capital to the persons who bring the assets in, so that the trans- ferors and transferees shall be the same persons. There is no objection to the adoption of these precautions, and where it is desired to increase the number of the original shareholders, it i...s very easy, before the execution of the deed, to give the proposed shareholders an interest in the assets equivalent to the shares which it is desired to appropriate to them. But of course there is no need to start with more than two or three members, for the number can be increased to seven hy transfer of a share apiece to a few outsiders whenever it becomes desirable. PEIVATE COMPANIES. Agi'eement for sale of bufsiness. Preliminary Agrecnmi f. Torm 257. AN AGREEMT made the day of, between A. , B.
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