Selling Company Title Property

Discussion in 'Legal Issues' started by DJProp, 21st Aug, 2017.

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  1. DJProp

    DJProp New Member

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    Hello All.
    Has anyone had any experience in selling a company, as a whole, that owns property? Ie. A unit block with several share holders owning equal amount of shares?

    The dilemma is what amount of votes is required to sell the company to, say, a developer - majority, 100%, specific amount?

    I'd be very interested to hear from anyone who has done this, or a professional (legal practitioner) who would be able to assist.
     
    DJProp, 21st Aug, 2017
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    It will depend on the terms of the constitution
     
    Terry_w, 21st Aug, 2017
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  3. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    And the contract.. title and state
     
    Paul@PAS, 23rd Aug, 2017
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  4. RPI

    RPI SDA Provider, Town Planner, Former Property Lawyer

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    We have done quite a few of these in QLD. The constitutions are typically very specific about what needs to happen.
     
    RPI, 24th Aug, 2017
    #4
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