> Can I revoke the gift of stock if the shareholder acts adversely to the company's best interest? Shareholder attempt

Can I revoke the gift of stock if the shareholder acts adversely to the company's best interest? Shareholder attempt

Posted at: 2014-12-05 
with the understanding? does this mean it was not written in plain words in the transfer of stock

proof of adversity might be a problem without some specific guidelines to follow

Once you transfer stock to someone else, it is theirs to do with as they see fit. You should report those acts of vandalism to your local police department and also hire a security company. You can sue the ex employee for fraud. Those crimes have absolutely no bearing on granting stock.

The shareholder was given the gift of stock, while an employee, with the understanding he would behave in a way that was in the company's best interest. The shareholder's employment was terminated a year ago due to writing unapproved checks to himself, abusing the corporate credit card, billing personal expenses to the company, etc.

The shareholder has since successfully changed the corporate email address once and attempted to do so a second time. The shareholder has come on to company grounds and untarped equipment, leaving them open to the elements. The shareholder has reported the company to OSHA. The shareholder has attempted to defraud the majority shareholder of "all building contents". The shareholder has harassed company employees and repeatedly sent repeated emails to the company attorney, filled with personal grievances that have nothing to do with his term of employment.

Thank you in advance for your reply!