Legal Question in Real Estate Law in Texas
transfer of propert rights
my family owns a restaurant and my father is putting it for sale. when he sells it, he wants the kids to sign over our interests so that the sale can go thru.can i, thru a notary public, sign over my interests or share of the business to my wife before the sale occurs?
1 Answer from Attorneys
Re: transfer of propert rights
Your question requires more information to anwer. In what form did you acquire your interest? Is the restaurant a corporation and you own stock? Is it a partnership? Do the other owners have a right to sell without your permission or a prior right to purchase?
If there are no restrictions on your ownership you may convey to anyone you wish at any time. Of course taking the road you suggest will undoubtedly lead to disharmony within the family, but you didn't ask about that.
Provide further information fora more elaborate answer.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
