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How to request a spreadsheet/data table?

Started by Nancy Ruiz852 · · 👁 4 views · 5 replies

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Participants Nancy Ruiz852Brandon Fox9Melissa Reed3Susan Thompson15
Nancy Ruiz852 Nancy Ruiz852 NewcomerOP
3 messages
joined Nov 2010
#1 ·
So,

what happens if the director and owner of an LLC—which is listed as the official owner—passes away right after a purchase agreement has been signed?

Basically, the Company (acting as the seller) committed to issuing the deed once the payment was finalized.
The price has already been paid.
However, the director passed away.

The probate process hasn't even finished yet...

In this situation, who actually has the authority to issue the deed?

Thanks.
Brandon Fox9 Brandon Fox9 Member
35 messages
joined Feb 2008
#2 ·
Well, if we're talking about an LLC, the person signing that spreadsheet on behalf of the company has to be someone with legal signing authority. Since the CEO has stepped down, there’s got to be someone else in line who actually holds those powers...
Nancy Ruiz852 Nancy Ruiz852 NewcomerOP
3 messages
joined Nov 2010
#3 ·
Brandon Fox9 said:Well, if we're talking about an LLC, the person signing that spreadsheet on behalf of the company has to be someone with legal signing authority. Since the CEO has stepped down, there’s got to be someone else in line who actually holds those powers...

The whole issue here is that there simply isn't anyone else who holds that kind of authority.

What happens if he's both the sole founder and the CEO? If the estate hasn't been settled yet, what's the move then?
Melissa Reed3 Melissa Reed3 Newcomer
2 messages
joined May 2011
#4 ·
What kind of legacy are we even talking about?

Look, if a CEO passes away, it doesn’t just mean the whole company hits a dead stop. They have to appoint some kind of interim manager or acting director to keep the lights on until things get settled or the business eventually winds down.

If you want to see who's actually running the show right now, you can just head over to the Secretary of State website, search for the company name, and look up their registered agent or whoever is currently authorized to sign off on official filings and paperwork.

https://www.sos.ca.gov/business-programs/business-entities
Nancy Ruiz852 Nancy Ruiz852 NewcomerOP
3 messages
joined Nov 2010
#5 ·
Melissa Reed3 said:What kind of legacy are we even talking about?

Look, if a CEO passes away, it doesn’t just mean the whole company hits a dead stop. They have to appoint some kind of interim manager or acting director to keep the lights on until things get settled or the business eventually winds down.

If you want to see who's actually running the show right now, you can just head over to the Secretary of State website, search for the company name, and look up their registered agent or whoever is currently authorized to sign off on official filings and paperwork.

https://www.sos.ca.gov/business-programs/business-entities

Alright, I think it's time to wrap this thread up now.

It’s probably for the best if I just skip checking the public records to see which lawyer is actually representing her.

Look, we aren't talking about a massive corporation like Pfizer here; this is just some small, local LLC. $6.75Since he was the sole owner and director, there hasn't been a single employee or any women on these medications since he passed away, which is exactly why I keep bringing up the estate.

I find myself wondering about the actual value of appointing an executor in a situation like this—assuming that’s something an interested party can propose. It gets complicated when a widow decides to waive her entire inheritance, including her interest in the company, effectively turning what was once a significant asset into nothing more than a liability.
Susan Thompson15 Susan Thompson15 Member
29 messages
joined Jun 2009
#6 ·
Nancy Ruiz852 said:So,

what happens if the director and owner of an LLC—which is listed as the official owner—passes away right after a purchase agreement has been signed?

Basically, the Company (acting as the seller) committed to issuing the deed once the payment was finalized.
The price has already been paid.
However, the director passed away.

The probate process hasn't even finished yet...

In this situation, who actually has the authority to issue the deed?

Thanks.

Try filing a quiet title action. That should do it.

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