Trustee Share Transfer Dispute
Summary
Trebor, as trustee, transferred Plonk Ltd shares to Zupo, but registration was incomplete before Georges death, leaving Sylvia to address the claim. For Broke Ltd shares, Georges written agreement to sell to Yasmin was not finalized, so Xerxes may still have a valid claim as the shares were initially held in trust for him. Sylvia should consider the implications of these incomplete transactions and seek legal advice on trustee obligations and inheritance laws in the Western Province.Full Conversation
full answer ****
- Shares in Plonk Ltd:
- Since Trebor completed and handed over the transfer form and share certificate to Solo, Zupo has a strong claim to the shares.
- Shares in Broke Ltd:
- George's written agreement to sell to Yasmin lacks the completion of the transfer, so Xerxes may still have a valid claim as the shares were initially held in trust for him.
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