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<p class="MsoNormal">Not a legal theory, but assuming Mom & Dad have other assets in their portfolio, he could be reminded that the likelihood they are going to include him in their estate plan is dwindling the longer he acts like a Jack A$$!
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<p class="MsoNormal"><span style="font-family:"Script MT Bold"">Jennifer L. White, Esq.</span>
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<p class="MsoNormal"><img width="105" height="105" style="width:1.0958in;height:1.0958in" id="Picture_x0020_1" src="cid:image002.jpg@01D6CA50.7B1FBBC0"><o:p></o:p></p>
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<p class="MsoNormal"><i><span style="font-family:"Arial Rounded MT Bold",sans-serif"><a href="mailto:jen@appletreelaw.com"><span style="color:#0563C1;font-style:normal">jen@appletreelaw.com</span></a><o:p></o:p></span></i></p>
<p class="MsoNormal"><span style="font-family:"Arial Rounded MT Bold",sans-serif">PO Box 11037<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial Rounded MT Bold",sans-serif">Yakima, WA 98909<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial Rounded MT Bold",sans-serif">509.225.9813<o:p></o:p></span></p>
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<p class="MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Jeff Davis<br>
<b>Sent:</b> Friday, December 4, 2020 2:58 PM<br>
<b>To:</b> 'WSBA Real Property Listserv' <wsbarp@lists.wsbarppt.com>; 'WSBA Probate & Trust Listserv' <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBAPT] Minority Shareholder Opens Competing Business<o:p></o:p></p>
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<p class="MsoNormal">Listmates,<o:p></o:p></p>
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<p class="MsoNormal">This is an off topic issue for both listservs but I think some of you may have ideas that will help (or tell me there is no recourse). Clients (husband and wife) opened a family plumbing business and put it into a C Corp. Subsequently
they granted shares in the corporation to three children, but retained control. There is no shareholder buy-sell agreement. One son has now opened a competing business and is actively trying to divert business from the clients. I see nothing in RCW 23B.06
.07 dealing with this problem. Clients would like to force their son to either give back his stock or buy it back. Is there any theory under which this can be compelled?<o:p></o:p></p>
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<p class="MsoNormal">Jeff Davis<o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black">W. Jeff Davis, Esq.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black">BELL & DAVIS PLLC<br>
P.O. Box 510<br>
Sequim WA 98382<br>
Phone No.:(360) 683.1129 <br>
Fax No.: (360) 683.1258 <br>
email: <a href="mailto:info@bellanddavispllc.com"><span style="color:blue">info@bellanddavispllc.com</span></a><br>
<a href="http://www.bellanddavispllc.com/" target="_blank"><span style="color:blue">www.bellanddavispllc.com</span></a><br>
<br>
The information contained in this e-mail message may be privileged, confidential, and protected from disclosure. If you are not the intended recipient, any dissemination, distribution, or copying is strictly prohibited. If you think that you have received this
e-mail message in error, please e-mail the sender at <a href="mailto:info@bellanddavispllc.com">
<span style="color:blue">info@bellanddavispllc.com</span></a> or call 360.683.1129</span><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif"><o:p></o:p></span></p>
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