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The corporation would not have power over your will when you pass. You have the absolute right to leave your personal property to any beneficiary you choose. With that said, there might be something in the restrictions of the company issuing the shares that gives a right of first refusal in the event that the shareholder decides that they want to sell their shares. If the remaining shareholders can't agree on a price to purchase the shares for, the selling shareholder can bring a suit for "partition" which is basically a court ordered sale. Partition is an absolute right as a sharholder wanting to "cash out" can't be forced to remain an owner.
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