Receipt by Joint Shareholders Sample Clauses

The 'Receipt by Joint Shareholders' clause defines how notices, payments, or other communications are handled when shares are held jointly by more than one person. Typically, this clause stipulates that any notice or payment delivered to one of the joint shareholders is considered as having been delivered to all joint holders, regardless of the number of people involved. This approach streamlines administrative processes and ensures that the company is not required to communicate separately with each joint shareholder, thereby reducing the risk of miscommunication and simplifying record-keeping.