[WSBARP] Duty Owed to Deceased's Entity?

[Tom J. Westbrook]

My only obtuse comment to Eric's correctly stated position is - make
sure the decedent wasn't a Director and somehow the company is looking
to the PR in the capacity as a Director. That's a long shot, but
something I would check out.

 

Sincerely,

 

Tom

 

Thomas J. Westbrook

Attorney at Law

 

 

 

Rodgers, Kee & Card

324 West Bay Drive NW, Suite 201

Olympia, Washington  98502

 

Phone: 360-352-8311

Facsimile: 360-352-8501

Email: tjw at buddbaylaw.com

Skype: thomas.westbrook

www.buddbaylaw.com

 

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From: wsbarp-bounces at lists.wsbarppt.com
[mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Eric Nelsen
Sent: Wednesday, August 19, 2015 8:28 AM
To: WSBA Real Property Listserv
Subject: Re: [WSBARP] Duty Owed to Deceased's Entity?

 

As shareholder, no; I think the caselaw is pretty clear that
shareholders don't have fiduciary duties to the company, merely by being
shareholders. However, in a closely held corporation, if the
CEO/President/Manager/Whatever has died and no one's running the place,
the Estate may need to vote shares to elect a new officer. But I don't
think even that rises to a "duty" under the law; except maybe PR's duty
to preserve/maintain assets during pendency of the Estate?

 

Sincerely,

 

Eric

 

Eric C. Nelsen

SAYRE LAW OFFICES, PLLC

1320 University St

Seattle WA  98101-2837

phone 206-625-0092

fax 206-625-9040

 

 

 

From: wsbarp-bounces at lists.wsbarppt.com [
mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Samuel M. Meyler
Sent: Tuesday, August 18, 2015 9:40 PM
To: wsbarp at lists.wsbarppt.com
Subject: [WSBARP] Duty Owed to Deceased's Entity?

 

Listmates,

 

Does the Estate and/or Personal Representative of a deceased major
shareholder of a corporation owe any fiduciary duties to the entity?  

 

 

Samuel M. Meyler

Attorney at Law 

Mail:  P.O. Box 777 | Redmond, WA 98073-0777

Location:  8201 164th Ave. NE, Suite 200 | Redmond, WA 98052

Tel:  425.881.3680 | Fax:  425.881.1457 | Email:  samuel at meylerlegal.com

  

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