Legal Question in Business Law in New Zealand (Aotearoa)

Shareholding Majority

Hello, In our company sharholders agreement, it states that 75% of shareholders must agree in order to aprove certain company decisions. My question is: if there are only 2 shareholders, and one owns 85% and the other 15%, does that mean that the one who owns 85% has the capacity to make the decisions?


Asked on 11/07/07, 4:33 pm

1 Answer from Attorneys
Simon Laurent LaurentLaw Barristers & Solicitors

Re: Shareholding Majority

That is correct, and it is most likely the reason why the sharefholdings were taken in those proportions.

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Answered on 11/07/07, 6:25 pm


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