What is the name of your state?I own 30% of a Florida Type S Corporation, and the recent illness of one of my partners prompts this question:
If a major shareholder dies without leaving a will, does his portion of the ownership automatically pass to whomever the court determines to be his heirs?
If a major shareholder dies without leaving a will, does his portion of the ownership automatically pass to whomever the court determines to be his heirs?