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Category: Business Law
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My brother and I inherited an Oklahoma corporation whose only

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My brother and I inherited an Oklahoma corporation whose only asset is a 500 crypt mausoleum with approximately 200 crypts still available for purchase; however, both of us live out-of-state and neither of us wants to continue with this business. We care about the familes whose loved ones are interred there but cannot continue to maintain it. We have tried to sell it without success and offered it to the city which owns the cemetery surrounding it but they declined. My question is: can we liquidate the corporation and deed (donate) the building to the city or state without their consent? There is a perpetual care fund that would also be signed over.
Submitted: 6 years ago.
Category: Business Law
Expert:  INFOLAWYER replied 6 years ago.
You cannot gift it or transfer it without consent.

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