What is a spousal consent form, and why do I need to sign one?
For corporations, the Spousal Consent Form is signed by the spouse of the grantee.
By collecting a spouse’s signature, the company mitigates the risk that a shareholder’s spouse (or ex-spouse) might interfere with the terms of the issuance, which can cause the company difficulty. The consent also clarifies how the shares will be treated if they are transferred to a spouse in the event of a death, divorce, or separation. Furthermore, it protects the company from claims that a spouse never consented to the terms of the issuance and therefore is not subject to any restrictions on the shares.