Shareholders' Agreement
(NY Corporation)

Summary

This Shareholders' Agreement (NY Corporation) template is intended for use by shareholders in New York corporations who desire to be bound according to certain terms and conditions governing disposal and transfer of such shares. This template includes practical guidance, drafting notes, and alternative and optional clauses. A shareholders' agreement should be entered into prior to the issuance of shares in an offering or by the founders upon an entity's formation. In addition to the basic shareholders' agreement, this document includes notary templates for notarizing the entry into the agreement by each signatory, as well as spousal consents for shares that will be issued and jointly held by spouses. For a full listing of key content covering New York corporate formation, organization, maintenance, ownership, management, and dissolution, see Corporation Resource Kit (NY). For more information about New York corporations, see Corporation Stock and Stockholders (NY Corporation) and Formation and Qualification (NY Corporation).