The Inheritance of the Shares in a Limited Liability Company
Lee, the shareholder of a limited liability company was dead. He did not make a will. His successors included his wife and son. Both wanted to be listed as the shareholder of the company, and recommended Lee’s wife to take over the chairman of the board, which was Lee’s position. The other shareholders did not willing to accept their requests. But they did not know whether they had the right to refuse such requests. This is not rare in practice. Such cases shall be regulated in accordance with the “Law of Successor” and the “Company Law”. The share is a…