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Right of first refusal not assignable

Rhode Island Lawyers Weekly

April 17, 2017

By: Tom Egan

A Superior Court judge has decided that a right of first refusal established in a company’s shareholder agreement could not be enforced after a shareholder conveyed his stock to his wife. The wife argued that she acquired by assignment her husband’s first refusal right because there was no clause in the shareholder agreement preventing such an …

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