Legal Question in Investment Law in California

Re: Investment

My fear is that the investment made by the relative is either very illiquid (perhaps real estate), has gone way down in value (like stocks and real estate and many commodities), or both.

Regulated brokersages and investment houses usually have one week within which to sell out a client's portfolio and hand over a good check for the proceeds. In private deals, you'll have to read your contract and see what the commitment is, but I'd be very concerned that this relative is either unwilling or unable to return your money, or both.

Re: Investment

If the agreement states any time, it means any time. However, your relative may not want to give you the money back. There also may be some investment laws at issue.

Best,

Daniel Bakondi, Esq.

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Re: Investment

The investment contract would dictate the time limit for the return of your money. there may be other time limits depending on the nature of the investment, eg, was this an investment in a security? If the contract is silent with repect to time limit, then a Court would impart an equatable standard. Has the relative provide you with a reason for the delay?

Yours truly,

Bryan

Becker Attorneys

619.400.4929