Shareholder issues
This is a discussion on Shareholder issues within the Business Contracts & Partnerships forum, part of the BUSINESS & FINANCE LAW category; I am one of 3 majority shareholders in a family C corp with a net, net, net, lease. Unfortunately my ...
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Sep 11th, 2009, 06:47 PM
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Shareholder issues
I am one of 3 majority shareholders in a family C corp with a net, net, net, lease. Unfortunately my sister and brother designated themselves officers. They have not distributed any dividends for this year, and I have not received any bank statements until today, which states the account balance has decreased by over 40,000 dollars. What are my rights? Are there laws to prevent them from doing this?
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Sep 12th, 2009, 12:26 PM
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Re: Shareholder issues
You can demand an accounting and if you see any unauthorized withdrawals you can sue for damages or even file a police report for theft if justified.
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