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Have provisions like that been held up in court? It seems to go against the strong stockholder laws in Delaware. Not being able to sell your shares is probably
by staunch 12y ago
Have provisions like that been held up in court? It seems to go against the strong stockholder laws in Delaware. Not being able to sell your shares is probably the most important right there is.
- tptacek 12y agoYes. Control and transferability restrictions are basic corporate governance. We're talking about private companies, not public ones. Easy liquidity is not an important feature of closely-held private company stock.