to the existing shareholders or to others

English translation: may sell only with approval of other shareholders and parent comp.

06:38 Nov 24, 2010

English language (monolingual) [PRO]
Bus/Financial - Law: Contract(s) / Contract Provision

English term or phrase: to the existing shareholders or to others

The Investor shall not take back his share capital invested in paid-up capital of the company other than by sale to the existing shareholders or to others with the consent of existing shareholders after the parent company authorization.

To sell to the existing shareholders, should the Investor obtain consent from the existing shareholders after the parent company authorization?

Thank you in advance

Batjavkhaa Batsaikhan KudoZ activity Questions: 41 (none open) (3 closed without grading) Answers: 15 Mongolia
Local time: 05:33

Selected answer:may sell only with approval of other shareholders and parent comp.

Explanation:
That's what the text says.
Unless the context implies otherwise, leave it as is.

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Note added at 1 hr (2010-11-24 08:31:56 GMT)
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There is no indication they mean anything else.
For example, it could have been written:
"...other than by sale to the existing shareholders , or to others with the consent...
In this case, your interpretation would have been justified.

Without further context, I don't think we can interpret it any other way.

Selected response from:

Sandra & Kenneth Grossman
Israel
Local time: 00:33

Grading comment

Thanks
4 KudoZ points were awarded for this answer

SUMMARY OF ALL EXPLANATIONS PROVIDED

3 +1

may sell only with approval of other shareholders and parent comp.

Sandra & Kenneth Grossman

Discussion entries: 3

Answers

47 mins confidence:

peer agreement (net): +1

may sell only with approval of other shareholders and parent comp.

Sandra & Kenneth Grossman
Israel
Local time: 00:33
Specializes in field
Native speaker of:

English,

Romanian
PRO pts in category: 16

Grading comment

Thanks

Notes to answerer

Asker: So, both to the existing shareholders and to others (third parties)? Still wondering...

Asker: I mean: (1) Approval of other shareholders and parent comp. is required to sell to other shareholders, and (2) Approval of other shareholders and parent comp. is required to sell to others (I know they are third parties).

Asker: Initially, I thought that approval of other shareholders and parent comp. is required to sell to others (third parties), but not required to sell to existing shareholders.

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to the existing shareholders or to others

English translation: may sell only with approval of other shareholders and parent comp.

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