Difference between revisions of "Founder Shareholders"
From FairShares Wiki 3.x
m (Add a line about Founder Members) |
m (Rephrased) |
||
| Line 1: | Line 1: | ||
| − | Founder Shareholders are the people (or organisations) that found the Company or Co-operative, specified on the incorporation documents. They are issued with [[Founder Shares]]. No additional [[Founder Shares]] can be issued after incorporation. Founders hold their shares until they choose to cancel them, die or become bankrupt/insolvent. | + | Founder Shareholders are the people (or organisations) that found the Company or Co-operative, specified on the incorporation documents. They are issued with [[Founder Shares]]. No additional [[Founder Shares]] can be issued after incorporation. Founders hold their shares until they choose to cancel them, die or become bankrupt/insolvent. This is different from [[Founder Member|Founder Members]], who are the people (organisations) that found an organisation using Model [[Articles of Association]] for an Association. |
| − | + | ||
| − | Founder Members are the people (organisations) that found an organisation using Model Articles of Association for an Association. | + | |
Revision as of 12:44, 22 June 2014
Founder Shareholders are the people (or organisations) that found the Company or Co-operative, specified on the incorporation documents. They are issued with Founder Shares. No additional Founder Shares can be issued after incorporation. Founders hold their shares until they choose to cancel them, die or become bankrupt/insolvent. This is different from Founder Members, who are the people (organisations) that found an organisation using Model Articles of Association for an Association.
Return to the FairShares Glossary
