Is it legal and/or ethical for someone to be granted a minimum number or percent of corporate shares through a company's Bylaws?
Ex. The Founder of a Corporation is listed in the Bylaws to receive no less than 60% of all shares at any given time. Would this be legal?
Note: This is for my own knowledge.
Ex. The Founder of a Corporation is listed in the Bylaws to receive no less than 60% of all shares at any given time. Would this be legal?
Note: This is for my own knowledge.