Georgia  |  Securities Law

Legal Question

Asked on: 2/02/13, 9:08 am

Is it legal for a company to performa a reverse stock option, reducing the number of shares a stockholder has, without informing the stockholder first?

1 Answer

Answered on: 2/02/13, 9:13 am by Phillip M. Cook

It depends. Is the company public or private? Is there an operating agreement in place? What does the subscription agreement say? Would need more info to answer your question. Please repost with more details of the situation. Best regards.

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Cook Legal Services, LLC 1130 Piedmont Avenue, NE #1403 Atlanta, GA 30309

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