My question involves corporate law in the state of: Oregon
I am in business with my sister n law and brother who are husband and wife. I am trying to sell my 50% Ownership assets and shares in the corporation. My sister n law owns the other 50%. My brother is the manager. I have received a settlement offer from our corporate attorney on behalf of my brother. There is no buy/sell agreement and no agreement if there is a dispute between myself and sister n law.
Is the settlement offer valid since it is on behalf of my brother who owns no interest in the corporation?
Because there is a settlement offer from my brother, has my sister n law given up first right of refusal by letting her husband make me the offer?
If I don't accept the offer can I now sell to a third party or do I need to counter offer?
Thank you
I am in business with my sister n law and brother who are husband and wife. I am trying to sell my 50% Ownership assets and shares in the corporation. My sister n law owns the other 50%. My brother is the manager. I have received a settlement offer from our corporate attorney on behalf of my brother. There is no buy/sell agreement and no agreement if there is a dispute between myself and sister n law.
Is the settlement offer valid since it is on behalf of my brother who owns no interest in the corporation?
Because there is a settlement offer from my brother, has my sister n law given up first right of refusal by letting her husband make me the offer?
If I don't accept the offer can I now sell to a third party or do I need to counter offer?
Thank you