My question involves business law in the state of: Pennslyvania
I remember watching Batman Begins, and it got me thinking about the legality of one of the subplots.
Bruce Wayne is the majority owner of Wayne Enterprises while William Earle is the Stand In CEO running it as he inherited the company at a very young age. At one point Bruce goes out on a soul search journey which takes him a little over seven years, during which he keeps 0 contact with people in his town. Earle manages to get him declared legally dead to dissolve his ownership and makes Wayne Enterprise a publically trading company but Bruce returns during the sale and during the sale, through various trust funds and private ventures/names, buys his company back to fire William Earle.
My question: Let's say I'm the majority owner (in this case 60%+) and I'm in a coma or stuck on an island long enough to be declared legally dead but return during the sale, can I stop the sale? If not, could I legally buy the majority of the stock of my own company back when becomes a publically traded company and remain the CEO/Owner? If so, could I flat out fire the person who declared me dead and sold my company if I'm majority owner?
This is just something I wonder how legally correct it is.
I remember watching Batman Begins, and it got me thinking about the legality of one of the subplots.
Bruce Wayne is the majority owner of Wayne Enterprises while William Earle is the Stand In CEO running it as he inherited the company at a very young age. At one point Bruce goes out on a soul search journey which takes him a little over seven years, during which he keeps 0 contact with people in his town. Earle manages to get him declared legally dead to dissolve his ownership and makes Wayne Enterprise a publically trading company but Bruce returns during the sale and during the sale, through various trust funds and private ventures/names, buys his company back to fire William Earle.
My question: Let's say I'm the majority owner (in this case 60%+) and I'm in a coma or stuck on an island long enough to be declared legally dead but return during the sale, can I stop the sale? If not, could I legally buy the majority of the stock of my own company back when becomes a publically traded company and remain the CEO/Owner? If so, could I flat out fire the person who declared me dead and sold my company if I'm majority owner?
This is just something I wonder how legally correct it is.
Business Ownership: Can You Regain Control of Your Assets After Being Declared Dead
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