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Hello, I will try to help you. Please remember I just report or interpret the law, so the outcome may not be what you hoped for. Why would a minority shareholder need to sign anything? Why must all shareholders sign?
I don't know the answer as to why they have to sign,it's the corporations way they do things. I am suggesting that my husband call corporate,explain the situation and see what they say but they are back east and so we can't call today. We get good advice from this site so that's why I am inquiring.
There are very few situations in which the consent of all shareholders is required. In most circumstances you cannot force a shareholder to sign anything related to the corporation. What you might want to investigate with what you describe as corporate is if you put the operating company into a wholly owned subsidiary of the existing company, then the board of directors of the parent company would be the shareholder and your husband as controlling shareholder of the parent company could sign as shareholder without any consent required by the minority shareholders. Without knowing more about why the signatures are required, I cannot offer any other options. If I have answered all your questions, please rate my answer excellent as that is how I am compensated. If you have more questions, please let me know. If the answer was especially helpful you can provide a bonus.
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