Hi there and thank you for your question,
I will try to assist you with your legal question but please feel free to ask as many follow up questions in order to clarify your initial question. If you have a new question, you must please open a new thread.
The remaining shareholders do not need to put up with this. What they need to do is to read the companies act on how to go about calling a shareholders' meeting, and how to pass resolutions to appoint directors, etc. At the shareholders' meeting you would vote to pass resolutions. That's how the company should be run.
Perhaps if the one shareholder wishes to pull out of the company, the other shareholders should simply offer to buy his shares from him? Then you would do a simple sale of shares agreement.
You must also remember that directors are different to shareholders. Directors are appointed to operate the company on a day to day basis, while shareholders are actually the owners of the company.
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Good luck and best regards,