Stockholders' Restrictive Agreement

What is Stockholders' Restrictive Agreement?

In a close corporation, the shareholders may execute an agreement restricting the right of each shareholder to sell his stock without giving first refusal rights to the corporation first, and then to the other shareholders individually.

Further Reading

For more detailed information, see our related Business Organizations terms:

• Close Corporation
• Corporate Officer
• Piercing the Corporate Veil
• Common Stock Voting Rights
• Stock Split

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Stephanie Bagnall

Licensed Attorney and Legal Researcher

Stephanie Bagnall is a Georgia-licensed attorney and legal researcher with experience in accessibility law, compliance, employment law, and legal writing. She helps develop and review BarPrepHero's Legal Terms content for clarity, accuracy, and usefulness to bar exam students.

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