Legal Question in Business Law in California

if sahres are issued by trust for LLC company is trust is obligated to buy shares back?

Asked on 9/28/13, 8:20 am

2 Answers from Attorneys

Bryan Whipple Bryan R. R. Whipple, Attorney at Law

No, unless there is also an agreement covering a buy-back obligation, which I think would be highly unusual.

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Answered on 9/28/13, 10:59 am
Carl Starrett Law Offices of Carl H. Starrett II

As a general rule, the answer would be no. It is possible when something like this was negotiated when the company was formed, but highly unlikely.

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Answered on 9/29/13, 11:14 am

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