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I am a shareholder whom purchase shares in a cooperative building. When I purchased my shares I wasn't married. I am now facing a divorce, and my ex husband wants to stay living in my apt. Or demands have of the property worth. The shares were never transfer to the married name. Does he have any rights to receive monies if I sell?
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Evangelina,
I'm just a Board member, not an attorney. I don't believe that your ex has a legal right to stay in the apartment. Since the stock certificate has only your name on it, he has no legal claim.
It would be different if you were married and you died. As the spouse, he would have the right to stay. But since this is not the case, I don't think he can stay if you don't want him to.
Definitely speak to an attorney on this one. You'll need some solid legal advice. But, I think you'll like the outcome.
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