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re: Law Question

Posted on 9/13/18 at 9:12 am to
Posted by Ex-Popcorn
Member since Nov 2005
2143 posts
Posted on 9/13/18 at 9:12 am to
quote:

A farm is owned by multiple people (more than 6). It is a joint venture. 55% of the ownership interests want to sell. 45% of ownership doesn't want to sell.


To many unanswered questions here. What do you mean by joint venture? Is there a formal JV agreement? That would determine what rights the parties have. Or are you just calling it a joint venture because multiple people own the land. Are you talking about selling land? or an actual farming operation while still owning the land?
Posted by huntfish26
Member since Jan 2016
48 posts
Posted on 9/13/18 at 10:05 am to
There is not a Joint Venture agreement. I'm just calling it a joint venture because multiple people own the land. I am talking about selling land, not a farming operation.
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