2006-08-07 13:24:29 · 2 answers · asked by jiff 1 in Business & Finance ➔ Investing
If you're like many clubs, you're probably informal. Unless you specified at the beginning that you wanted folks to have the option of keeping stock versus cash, you may have been outvoted. However, if you're among friends, I would think that as long as you just sold the shares for all the other members (and keep your fair portion, as well as paying any extra commissions, etc.) and gave them their money, you could keep the remaining shares. Of course, you'll have to go through the hassle of getting all the paperwork in order to have the remaining stock in the account left in your name. Good luck.
2006-08-07 13:46:14 · answer #1 · answered by Mike S 7 · 0⤊ 0⤋
You can have the shares journaled or x-ferred to an acount if it is at a different brokerage. You may have to get a corp. or other type of resolution. Why not just get cash vs. small amounts of a stock and then pay a commission each time you go to sell them? With cash you can go buy them and get a new cost basis too.
2006-08-07 20:44:36 · answer #2 · answered by bstinmaui 2 · 0⤊ 0⤋