Legal Question in Business Law in Ohio

My wife owns 25 shares of a family owned and operated excavating company. Five years ago her father and brother voted her out, but she kept her shares. This is a very lucrative business and she has not seen one plug nickle. Is there any thing we can do?


Asked on 5/13/10, 5:35 pm

1 Answer from Attorneys
Neil Rubin Neil S. Rubin, Attorney at Law, LLC

Yes. She can file suit against the other share-holders for violating the Articles of Corporation as well as other statutes. You may want to hire an attorney to write them what I call a "nasty-gram" which essentially informs them of the error of their ways and how it is going to cost them LOTS of money to defend themselves in a court of law. If this does not work, filing suit may be the only answer. Also, you could possibly sell your shares, as long as the bylaws permit it and you can find a buyer,

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Answered on 5/19/10, 5:28 pm


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