What is the name of your state? California
An investor has bought shares of a corporation (not publicly traded) from an existing shareholder (the founder) and then gets cold feet and wants to sell back the stock (all this within a very brief period of time). Q: Is the company or the selling shareholder obligated to buy back the stock? Is it legal to do so? Are there timing issues? Any pertinent remarks would be helpful. Thanks
An investor has bought shares of a corporation (not publicly traded) from an existing shareholder (the founder) and then gets cold feet and wants to sell back the stock (all this within a very brief period of time). Q: Is the company or the selling shareholder obligated to buy back the stock? Is it legal to do so? Are there timing issues? Any pertinent remarks would be helpful. Thanks