Common use of Corporation and shareholder con- sents Clause in Contracts

Corporation and shareholder con- sents. The corporation and all persons who were shareholders of the corpora- tion at any time during the period specified by the Commissioner must consent to any adjustments that the Commissioner may require. Each con- sent should be in the form of a state- ment agreeing to make the adjust- ments. The statement must be signed by the shareholder (in the case of shareholder consent) or a person au- thorized to sign the return required by section 6037 (in the case of corporate consent). See § 1.1362–6(b)(2) for persons required to sign consents. A share- holder’s consent statement should in- clude the name, address, and taxpayer identification numbers of the corpora- tion and shareholder, the number of shares of stock owned by the share- holder, and the dates on which the shareholder owned any stock. The cor- porate consent statement should in- clude the name, address, and taxpayer identification numbers of the corpora- tion and each shareholder.