Legal Question in Business Law in Connecticut

Give or take ?

My dad gave my brother and i equal shares of a small c corp25 yrs ago. We've both been equally sharing the running of the buisness since. Brother wants me to give my shares to his kids who are in the buisness, when i leave. I feel i should be bought out at half an appraised value. Even over time. Do i have any right?


Asked on 4/13/07, 3:36 am

3 Answers from Attorneys
Andrew Magwood Andrew A. Magwood Attorney at Law

Re: Give or take ?

Of course. Stock is property - ownership of the company - and just as if you had a house, car or boat, it may be given away but you would most likely want to sell it. Stock sales usually should have a lawyer involed, so if you like, give me a call. 860.786.8763

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Answered on 4/13/07, 9:54 am
Peter Van Dyke Eagan, Donohue, Van Dyke, & Falsey, LLP

Re: Give or take ?

I agree with the other lawyers. We are conveniently located in West Hartford if you would like to set up a free consultation. Let me know.

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Answered on 4/13/07, 10:05 am


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