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0 pointsthrowaway092233y ago0 comments

1) Sure, but this wouldn't give him any protection. On the contrary, there would be a ton of extra liability and exposure if he were to refuse to process a levy.

Shares don't need to be held in a brokerage. There's always a process to identify and seize the property in question.

2) There's no such thing. TSLA is a US public company, traded on US exchanges. It's simply not possible for shares of the company to exist outside of US jurisdiction.

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artificialLimbs3y ago

You can obtain paper copies of your stocks. Then they could be on Mars if you'd like.

kasey_junk3y ago

Just having a share certificate doesn’t make it s bearer form. The corporation would have to set up this ahead of time. I don’t know the status of Tesla shares that he owns but it would be very weird if they aren’t registered securities. It would also raise a ton of questions if they started issuing bearer shares after a court injunction.

legutierr3y ago

Stock certificates can be voided and reissued.

Tesla being a Delaware corporation, it would be within the power of the chancery court to order that very thing.

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