Shareholder Rights and Remedies (OBCA)

Summary

This practice note addresses shareholder rights and remedies under the Business Corporations Act (Ontario). It discusses shareholder rights in general, including the right to vote and to participate in the distribution of the profits and assets of the corporation, access to records and information, the right to call meetings and make proposals, as well as pre-emptive rights and the role of shareholder agreements. As for shareholder remedies, this practice note discusses the oppression remedy, derivative actions, investigations, equitable winding-up, rectification orders, and orders for compliance.