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DELUSIONAL SHAREHOLDER Whether you are an equal shareholder or a minority shareholder, if there is another shareholder in the company that is seeking to improperly exert their influence over the company to your personal detriment or such shareholder is delusional, paranoid, bipolar, psychotic or otherwise mentally unstable, you need to assert legal control over your stake in the business. Power hungry and/or delusional shareholders tend to exert harmful influence over the company's operations and finances. They also tend to disrespect their fellow shareholders, not engaging them in corporate decisions and seek to cut them out of profits that they believe they are solely responsible for creating. Such overly aggressive shareholders can not be allowed to operate unchecked, as this will only destroy shareholder value and become the impetus for even more serious legal action. Instead, knowledgeable legal counsel should be engaged early on and the situation brought under control. For most of these overly aggressive and problematic shareholders fail to realize the extent of the controls that they are obliged to observe, for it is in not observe those rules and obligations that they have built up their power. Yet it is power that is derived from a failure to follow laws, regulations, corporate by-laws and contractual agreements (i.e. a unanimous shareholders agreement). Alternatively, though an equally serious predicament, is that of a shareholder who is delusional, paranoid, bipolar, psychotic or otherwise mentally unstable. As such, engaging the appropriate lawyer will allow you to correct this situation and gain control over your shareholding and the legal protections that arise therefrom. Providing legal advice and strategy to complex aspects arising from one's corporate shareholder arrangement is a central facet of the legal practice of Neufeld Legal P.C. and lawyer Christopher R. Neufeld. To engage our law firm's legal services in furtherance of your shareholding situation, contact the law firm of Neufeld Legal P.C. at Chris@NeufeldLegal.com or 403-400-4092. |
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Calgary business lawyer Christopher Neufeld is a corporate commercial lawyer with the law firm of Neufeld Legal Professional Corporation (77 Tuscany Ridge Mews NW, Calgary, Alberta) and is admitted to practice law in Alberta and Ontario (Canada) and New York (U.S.A.). Christopher's legal practice focuses primarily on business law, in particular corporate commercial transactions (mergers, acquisitions, divestitures, business purchases and sales, etc.) and business contract work. See also www.ShareholdersLawyer.com. This website is provided for general information purposes only. It is not intended to be comprehensive or to include advice on which you may rely. You should always consult a suitably qualified lawyer on any specific legal matter. All liability is excluded in respect of any loss or damage which may arise in connection with the use of or reliance upon any materials and information appearing on this website. © 2016. |
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