Legal Question in Business Law in California
if sahres are issued by trust for LLC company is trust is obligated to buy shares back?
Asked on 9/28/13, 8:20 am
2 Answers from Attorneys
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
No, unless there is also an agreement covering a buy-back obligation, which I think would be highly unusual.
Answered on 9/28/13, 10:59 am
Carl Starrett
Law Offices of Carl H. Starrett II
As a general rule, the answer would be no. It is possible when something like this was negotiated when the company was formed, but highly unlikely.
Answered on 9/29/13, 11:14 am