A contract governing what happens to business shares on a shareholder's death.
In Islamic law
Can override what a will says about the business, and therefore what the heirs actually receive.
In Canadian law
May compel the estate to sell shares to surviving shareholders at a set price.
Making an Islamic will in Canada — province by province, and what makes one valid where you live →
We have not yet researched whether the four Sunni schools differ on this term, so we are not going to tell you either way. Where a specific case turns on it, ask a qualified scholar rather than relying on a general summary.
Canadian legal detail
Treadstone Law, an Ontario firm with a wills and estates practice, covers the Canadian side of this in more depth:
- Shareholders agreement vs will conflicts ontario
- Minority shareholder forced to sell at low price ontario
- Set off in contract litigation ontario
This is legal information only. For advice on your own circumstances, speak to a lawyer.
Citations & sources
Every factual claim on this page traces to a source below. Details change — check the original source before relying on any figure, fee or legal position. Anything under “further reading” is related material, not a source for what is stated here.
- Canadian Legal Information Institute — CanLII
- Shareholders agreement vs will conflicts ontario — Treadstone Law
- Minority shareholder forced to sell at low price ontario — Treadstone Law
- Set off in contract litigation ontario — Treadstone Law
- Shareholder agreement breach litigation ontario — Treadstone Law
- Wills & estates practice — Treadstone Law