Drag along rights

Resource type: Glossary Item

Status: Maintained

Jurisdiction: United Kingdom

Rights contained in a company's articles of association (www.practicallaw.com/A35857) for a majority of the shareholders (usually more than 75% in nominal value) to accept an offer to buy their shares and to force the holders of the remaining 25% to accept such an offer. For an example of a drag along clause, see Standard clause, Drag along rights: articles of association: joint ventures (www.practicallaw.com/6-380-4866).

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  • Resource ID: 9-107-6155
  • Products:  IP&IT, PLC Glossary, PLC Magazine (UK), PLC UK Commercial, PLC UK Construction, PLC UK Corporate, PLC UK Dispute Resolution, PLC UK Employment, PLC UK Environment, PLC UK Law Department, PLC UK Pensions, PLC UK Property, PLC UK Public Sector, PLC UK Share Schemes & Incentives
  • This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.
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  • Joint VenturesJoint Ventures (http://us.practicallaw.com/8-103-1308)
Practice Note: Overview
Practice Notes
Standard Document
Standard Clause
Drafting Note
Glossary
  • Nominal value Nominal value (http://us.practicallaw.com/topic9-200-1395)
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