Corporate Law transfer stock

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cherylorl

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My husband and I each owne 50? of a machine shop, C corporation. We can qualify for more jobs if we become a Woman owned buisness. My husband will transfer stock to me enless it is not leagle in MN for a wife to owne more then 50% of a jointly held co. then we can transfer stock to our Daughter in law who is Our corporate secretary. Who should we transfer the stock to? Should the stock transfer be a sale or can it be a gift? How do we transferthe stock? We have met all the othe requierments to be a woman owned buisness except this stock ownership issue? Thanks for your input.
 
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