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Loren
Loren, Attorney
Category: Business Law
Satisfied Customers: 32040
Experience:  30 years experience representing clients .
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if a stock purchase agreement is signed by a corporation and

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if a stock purchase agreement is signed by a corporation and an individual, but the stock is never actually issued, does the individual own the stock?...how does the court see this?
If the consideration was paid, the court will order the corporation to issue its stock.
Customer: replied 5 years ago.
for argument's sake...if the company reneges and does not want to issue stock, can the individual force performance, or do they need to demand/sue for their consideration to be returned...the company has changed its mind, and does not want these individuals as shareholders....this is a closely held corp...not public...
Yes, you can either force the return of the consideration or the issuance of the stock.
Customer: replied 5 years ago.
last question....it has been 5 years since the purchase agreement was signed...if the stock is issued now, what is the effective date of ownership for those shareholders....when the stock is issued or when the purchase agreement was signed...thanks very much
Customer: replied 5 years ago.
last question....it has been 5 years since the purchase agreement was signed...if the stock is issued now, what is the effective date of ownership for those shareholders....when the stock is issued or when the purchase agreement was signed...thanks very much...In Other Words....do they have voting rights prior to the actual issue of the stock???
It should be when the purchase agreement was signed and consideration was paid.
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