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    JHKH's Avatar
    JHKH Posts: 1, Reputation: 1
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    #1

    Aug 29, 2012, 05:59 PM
    Can one shareholder of a 50/50 C-corp sell the other party
    If a couple is getting a divorce and each owns 50/50 share of a privately held C-Corp, can one spouse sell the other's shares without permission? Can a party sell his/her own shares without notice or permission?
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #2

    Aug 30, 2012, 04:28 AM
    Is this a trick question? No, of course not. What are the circumstances?
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #3

    Sep 8, 2012, 06:22 AM
    Quote Originally Posted by JHKH View Post
    Can a party sell his/her own shares without notice or permission?
    Hello J:

    Without an agreement between the shareholders NOT to do so, SURE you can...

    excon
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #4

    Sep 8, 2012, 07:16 AM
    Quote Originally Posted by excon View Post
    Hello J:

    Without an agreement between the shareholders NOT to do so, SURE you can...

    excon
    You are quite right. I don't know what I was thinking on August 30th. I must have meant the one thing and somehow wrote the other.
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #5

    Jul 6, 2013, 12:57 PM
    Quote Originally Posted by AK lawyer View Post
    You are quite right. I don't know what I was thinking on August 30th. I must have meant the one thing and somehow wrote the other.
    Now I see why I was confused.

    The OP asked two opposite questions:

    • "can one spouse sell the other's shares without permission?"; and
    • "Can a party sell his/her own shares without notice or permission?"



    The answer is, of course, "no" to the first question, and "yes" to the other.
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