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UKSolicitorJA, Solicitor
Category: Law
Satisfied Customers: 4312
Experience:  English solicitor with over 12 years experience
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I am a 50% share holder in our limited company my business

Customer Question

I am a 50% share holder in our limited company my business partner and his wife hold the other 50%, half each. Can they outvote me on the sale or transfer of assets upon closing down.
Submitted: 2 years ago.
Category: Law
Expert:  UKSolicitorJA replied 2 years ago.
No, they cannot do so as between them they have 50% and you have 50%, unless you entered into a Shareholders Agreement with them which provides that they may outvote you on a show of hands (them 2, you 1) as opposed to your shareholding.
Hope this helps