Letter Providing Notice of a Shareholder's Intent to Transfer Shares
"This letter is used by a shareholder to provide notice that he or she is transferring shares of stock. Oftentimes shareholders of corporations execute shareholders' agreements which require that a shareholder must give the other shareholders notice of a proposed sale, so that the other shareholders may match the sale price and buy the leaving shareholder's shares, instead of the third party. Pursuant to these shareholders' agreements, the leaving shareholder must describe the proposed transfer in certain terms. This letter provides such notice, adequately describing the proposed transfer and giving notice of the shareholder's intent to transfer the shares.
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