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Alex J.
Alex J., Solicitor
Category: Law
Satisfied Customers: 3774
Experience:  Solicitors 2 years plus PQE
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If a minority shareholder owes the company money is there anything

Resolved Question:

if a minority shareholder owes the company money is there anything we can do in relation to his shares value in order to recoup that cash?
Submitted: 2 years ago.
Category: Law
Expert:  Alex J. replied 2 years ago.
Hi,
Thank you for your question and welcome.
My name is ***** ***** I will assist you.
Under what circumstances does the shareholder owe the money?
Are the shares paid up?
Is there a shareholders agreement?
Kind regards
AJ
Customer: replied 2 years ago.
No terms re the lend and no payment if shares nor agreement yet just verbal agreements on all
Customer: replied 2 years ago.

no agreement made re the cash

shares not created official nor paid for

Expert:  Alex J. replied 2 years ago.
Hi thank you. If he has not paid for his shares, you could make a call on the shares for payment and if he does not pay for the shares you can forfeit them. He would still owe the debt, but you would maybe able to claw his shares back. Would he be able to pay for his shares? Kind regards AJ
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