Drummy v. Wall Co., Inc.

Full Text of Court Cases
February 11, 2003
6733 Trusts, Except Educational, Religious, and Charitable
525920 Trusts, Estates, and Agency Accounts
breach of contract

Drummy v. Wall Co., Inc.
2003 Mich. App. LEXIS 323
State Court
Court of Appeals
Steven J. Shanker (for Wall Co.)
Per Curiam


Successor trustee brought suit against the company for breach of contract, arguing that the appraiser the prior trustee selected was not independent as the shareholder agreement required.
Drummy v. Wall Co., Inc.
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See Also

Successor Trustee Bound by 'Final and Binding' Appraisal

The predecessor trustee of a family trust did not object to the selection of an appraiser to value the closely held company stock, which would be transferred to the trust on the death of the majority shareholder.