“Partition” is a legal term in which a Court can order that real estate with multiple owners be divided/partitioned. In Missouri, there are two methods of partition. Vickers v. Vickers, 762 S.W.2d 482, 483 (Mo. Ct. App. 1988). A court may (1) partition in kind or may (2) order a sale and division of the…
Legal Articles
Corporate Disposition of Assets: sale, lease, exchange
While the directors and officers of a corporation typically run its day-to-day operations, the shareholders — the owners — are generally responsible for their election and the direction of the corporation. It should come as no surprise, therefore, that major decisions involving the corporation often require shareholder approval. This extends to include when the corporation…