I would imagine that if the shareholder owns 100% of the company and there is no will, then the company is liquidated or sold off.
But what happens when the shareholder only owns a portion of the company?
Would the executors of the estate be able to force the company to liquidate in order to convert the asset into cash or would this only be possible at a certain percentage, say 50%+ shareholding?
Anybody had any experience with this? I'm a little concerned as to what happens if an employee ownership scheme, resulting in multiple small shareholders is started.