Miller v. Electrical Equipment

Full Text of Court Cases
February 18, 1997
3621 Motors and Generators
335312 Motor and Generator Manufacturing
buy/sell agreement

Miller v. Electrical Equipment
1997 Del. Ch. LEXIS 20
State Court
Court of Chancery


At issue is a dispute between the deceased owner's estate and the surviving owner over the value of a fifty percent interest in the company that focuses on the allocation of the policy proceeds.

See Also

Company Insurance Policy on Dead Co-Owner at Center of Valuation Dispute

At issue is whether the entire proceeds of a $100,000 life insurance policy the company purchased for the purpose of: (1) providing key person insurance; and (2) providing funding for the surviving owner to purchase decedent's shares of the electrical service company from decedent's estate should represent the full value of decedent's 50% ownership.