Can we force a sale of a RE corp?

[MB2]

What is the name of your state? New York My 2 brothers and I recently inherited 50% of the stock in a real estate corporation. The corp has 11 individual houses on 1 deed. The other 50% shareholder does not want to buy or sell, so we are stuck holding stock which is proving difficult to sell at the price we would like to get. Can we use a partition lawsuit to force the corporation to sell the property in it's entirety, or does that procedure only apply to individuals who own real estate together, not shareholders of RE corporations?

 

[HomeGuru]

What is the name of your state? New York My 2 brothers and I recently inherited 50% of the stock in a real estate corporation. The corp has 11 individual houses on 1 deed. The other 50% shareholder does not want to buy or sell, so we are stuck holding stock which is proving difficult to sell at the price we would like to get. Can we use a partition lawsuit to force the corporation to sell the property in it's entirety, or does that procedure only apply to individuals who own real estate together, not shareholders of RE corporations?

**A: the lawsuit would not be a real estate partition but civil litigation against the other stockholders in the corporation. This is a complicated and complex matter that requires a good attorney. Please hire one.