QUESTION
Can one stock owner demand payment from shareholder?
Asked on Jun 11th, 2012 on Business Law - Mississippi
More details to this question:
Brother is purchasing business from father, another brother wants out, before being ousted by major stockholder brother. Can he demand main brother to fully purchase stock, app $250,000?
1 ANSWER
Reviews not shown
1 Award
As a general matter, in the absence of a stockholders' agreement or similar arrangement, a stockholder has no right to demand that another stockholder purchase his shares.
Answered on Jun 11th, 2012 at 9:29 AM