Legal Question in Investment Law in New York

There is a pool that has membership as an investment for the property it sits on. The property is worth around $15 million dollars. I bought stock in the pool in 2011 for around $2000 or so. Anyway, we paid the yearly dues of around $1500 for two years and then stopped. When we stopped, we notified them and they were supposed to send us a check for $700 for leaving as members as part of the initial shares, however they didn't.
Do we still own the shares since they never sent us the money they were supposed to? I have the stock number. They plan on selling it, would we have a stake in the sale since they never bought us out? There is something in the bi-laws that states if you're not paid off, you still own shares. But, again I can't find that information. Any advice would help. Thank you.

Asked on 4/21/17, 2:45 pm

Richard Bryan Richard Bryan Attorney PC

0 users found helpful

0 attorneys agreed

This question is much too complicated to be answered on this website. You'll have to go see a lawyer.

Good luck.

Answered on 4/22/17, 6:07 pm

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