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New York Business Divorce

Commentary on Dissolution and Other Disputes Among Co-Owners of Closely Held Business Entities

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When Estate Plans and Stock Transfer Restrictions Collide

Photo of Franklin C. McRoberts
By Franklin C. McRoberts on November 16, 2020
Posted in Standing, Stock Transfer Restrictions

In this week’s New York Business Divorce, we discuss a recent decision serving as a reminder to corporate shareholders planning to bequeath their shares of stock to ensure no contracts prohibit them from doing so, lest they leave behind a very disappointed beneficiary.
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