3 ms·
IIRC another complicating factor is that "here's a bunch of money/shares with no consideration" is likely to be considered a gift and previous cases have held t
by aw1621107 2y ago
IIRC another complicating factor is that "here's a bunch of money/shares with no consideration" is likely to be considered a gift and previous cases have held that gifts require (near-?)unanimous shareholder approval. I think there have been some rumblings about loosening this standard in recent years, though I'm unsure where exactly that stands at the moment.