The absence of a shareholders’ agreement does not leave the parties without remedies, but it often makes the dispute more expensive and less predictable. In that situation, the parties’ rights are determined by the OBCA, the articles, the by-laws, the corporation’s records, and equitable remedies such as oppression, derivative relief, rectification, compliance orders, and in some cases winding-up on a just and equitable basis.
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What if there is no shareholders’ agreement?
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