mandatory transfer

noun

  • Business (Corporate) Law/Company Law

Definitions of mandatory transfer

  • a transfer which is compulsory or required, often transfers which are required under the shareholder’ agreement upon the occurrence of particular events such as insolvency (=inability to pay debts as they fall due) or change of control of a shareholder

    Shareholder agreements typically have provisions for mandatory transfers of shares where a shareholder breaches the agreement.

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Phrase Bank for mandatory transfer