QUESTION
Does a minority percent holder have to be bought out if the majority percent holder decides to dissolve the company.
Asked on Jul 22nd, 2012 on Business Law - Arkansas
More details to this question:
I am a thirty percent owner Of a thrift store, and the owner is trying to dissolve the company.
1 ANSWER
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1 Award
No. A minority holder is entitled to his ratable share of the liquidation proceeds. If there are no proceeds, the minority holder gets nothing.
Answered on Jul 22nd, 2012 at 3:40 PM