In Frye v. Frye Estate, the Ontario Court of Appeal held that a bequest of shares was valid, notwithstanding that such bequest was clearly contrary to the explicit terms of a unanimous shareholder agreement and letters patent. The decision (wrongly) emasculates broadly drafted share-transfer restrictions, reducing them to near meaningless effect. Published in the January 2010 issue of Canadian Lawyer as part of Bryan Haynes' regular column.
Article
No Transfer Means No Transfer!
January 13, 2010
Republishing Requests
For permission to republish this or any other publication, contact Amrita Kochhar at kochhara@bennettjones.com.
For informational purposes only
This publication provides an overview of legal trends and updates for informational purposes only. For personalized legal advice, please contact the authors.