"Mutual Agreement" valuation method upheld as valid, partner required to accept 12-year old value for shares under stock purchase agreement because they never revalued them.
Coyle v. Schwartz
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Stock Valuation Provision Calling for Annual Revaluation Enforced
The Kentucky Court of Appeals held that a mutual agreement stock valuation provision, which called for the annual revaluation of the stock, was enforceable, despite the fact that the stock had not been revalued since the agreement was executed.