Chapter 295: Shares Are Pn Her Name
Nora took out the false ending of the drawer and opened the hidden section. There were three files and one tape recorder. It seems rather outdated. She had never seen anyone using it for a long time. There was an old phone beside it.
She picked up the recorder first and started it. The Jumbling sound of driving many vehicles and horns echoed in the room. Playing it in the background, she picked up the file.
It was the papers of their company. Nora opened it hastily and read them. It was made when the company was registered. They were in the name of her father, Mr Welsh and Sinclairs. She knew them from the past, but she had not seen them recently.
Her parents held the biggest share in the company with sixty percent capital while they both held fifteen percent each. Ten percent shares were given to her uncle David by her father.
The shares were transferred from his name to David in the next file. Due to the sudden death of her parents, all the properties should belong to her, Nora Stone. But since she was still a minor, David would be her guardian and provide her good education. He would be the caretaker of the business. He can manage it, but he could not sell any asset on Nora’s name without her permission.
And she could only permit it when she would be an adult. Apart from that, if shares needed to be transferred or the company needed funds in an emergency, he could access the accounts of his deceased brother. But for that, he had to take permission from his wife, Sophia, sister of Nora’s mother too. Since she is the second guardian of Nora Stone.
All the wealth would be transferred to Nora and she had the right to decide what she wanted to do with it. If she got married, her shares would be split into two parts and one part would be given to her husband as her dowry.
Apart from that, a monthly allowance of ten thousand dollars would be given to her every month by the trust he father had created. And..." Nora’s eyes widened. She stared at those papers dumbfounded.
Suddenly the flashes of the past started to play. She had seen Penny receiving ten thousand dollars every month. They have told her it was left by their grandfather in the trust.