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Unsold SharesMay 24, 2023

The owner of unsold shares of several apartments died without a will.
His brothers are attempting to get court permission to take over the apartments.
If they do so, are they the owners of unsold shares and do they therefore have the right to sell
to other investors as unsold shares?
Can the Coop force them to sell to owner-occupiers?

Thanks

Join the Conversation Comments (1)
Unsold Shares - Steven424 May 25, 2023

My best and only advice is that you not do anything except bring the matter to the attention of the co-op's attorney and be guided by what they tell you. The few dollars you may save by trying to do this yourself could mushroom by orders of magnitude if you don't proceed to the exact letter of the law. My wife was a Trust and Estates attorney and you would not believe the levels of detail and complexity in dealing with something like this.

Good luck

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