[WSBAPT] Transferring closed corp to heirs

[Thomas M. Culbertson]

What you suggest should work. Or, alternatively, have the PR as shareholder appoint him/herself as new board of directors and have new board appoint officers, who then have authority to act on behalf of the corporation.

________________________________________
THOMAS M. CULBERTSON  I  Lukins & Annis, PS
717 W. Sprague Ave, Suite 1600, Spokane, WA 99201
(509) 455-9555  I  fax (509) 363-2500  I  tculbertson at lukins.com<mailto:tculbertson at lukins.com>


From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Christopher Small
Sent: Monday, February 19, 2018 1:58 PM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] Transferring closed corp to heirs

Listmates:
Client is PR of estate. Estate owns a closed corp that wasn't a truly functioning business but does have a bank account with funds in it that PR can't access because can't demonstrate an interest in the corp (i.e no shares issued, etc. - decedent is shown as president of company).
Anyone have any ideas for the easiest way to solve this problem? It is as simple as the PR transferring interest in shares to heirs and then heirs adopting resolution naming a president of the company?
Any guidance on this would be much appreciated.
Cheers,

Christopher Small
CMS Law Firm LLC<http://cmslawfirm.com>
150 Lake St. S., Suite 218
Kirkland, WA 98033
206.659.1512


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