twinkle906
Junior Member
What is the name of your state? OR
14 years ago after my father died my mother and I signed an agreement in which she would WILL me the controlling interest in a S corporation. Later she transfered most of her shares to me as a gift. Now she's 88 years old and my other sibling have convienced her to cancell the agreement. The by-laws of the S corporation stated that transfered shares are irrevocable and alterable. Can she take the transfered shares back, or only the shares that she didn't transfered after the agreement. Thank you.
14 years ago after my father died my mother and I signed an agreement in which she would WILL me the controlling interest in a S corporation. Later she transfered most of her shares to me as a gift. Now she's 88 years old and my other sibling have convienced her to cancell the agreement. The by-laws of the S corporation stated that transfered shares are irrevocable and alterable. Can she take the transfered shares back, or only the shares that she didn't transfered after the agreement. Thank you.