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Irwin Law
Irwin Law, Attorney
Category: Legal
Satisfied Customers: 7404
Experience:  Lawyer & Real Estate Broker, 30+ years, foreclosure, land contracts, inheritance, probate.
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Where casn i find attorneys well versed in challenging Tennessee

Customer Question

Where casn i find attorneys well versed in challenging Tennessee corporations by-laws provision whereby the corporation reserve a right of first refusal to acquire any stock on the same terms and conditions a shareholder has greed to with an outside buyer? I have been told by one competent attorney the RoFR provision in the by-laws of the corporation in question is badly drafted.
Submitted: 1 year ago.
Category: Legal
Expert:  Irwin Law replied 1 year ago.
RoFR provisions in Corporate by-laws and shareholder agreements are usually upheld by the Courts. It would be very hard to disagree with an attorney who has seen the actual provision; however, the term "badly drafted" doesn't say anything about whether it's going to be enforced by a Court or not.