Spousal Consent

Summary

This precedent is a consent of a shareholder's spouse for the transfer of shares where the marriage is subject to community property rules. This spousal consent is to be used in conjunction with a shareholder agreement. This precedent contains practical guidance and drafting notes. This precedent is a consent of a shareholder's spouse for the transfer of shares where the marriage is subject to community property rules. This spousal consent form typically accompanies a shareholder agreement and is used to ensure that transfer and voting restrictions carry over to the shareholder's spouse in the event of the shareholder's death. A transfer of shares is generally documented in a share transfer form, which is a document that records the transfer of all or part of a shareholder's shares to another party. In a share transfer form, a registered owner of a corporation's shares agrees to sell, assign, and transfer such shares to a purchaser. For more information on shares and transfer of ...