Legal Question in Business Law in United Kingdom
disagree on sale
i have a minority share holding in four business that i am also a partner/director in,the other partners/directors want to sell/merge the company but i do not want to.
can i be forced to sell/merge?
Asked on 8/15/03, 2:39 pm
1 Answer from Attorneys
Richard Howard
Richard Howard & CO
Re: disagree on sale
The answer depends on two things;first depending on what form the proposed sale takes eg is it a sale of shares or assets and goodwill;second on the constitution documents of the business eg partnership agreement or Articles of Association, if it is a company.
You need to get detailed advice about the situation after a review of these documents.
Answered on 8/18/03, 4:02 am
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