Buy-Sell Agreement Fixes Price for Court-Ordered Buyout

Business Valuation Update BVLaw
Legal and Court Case Update
January 10, 2006
5065 Electronic Parts and Equipment, NEC
buy/sell agreement

Jacquelin Powell v. Richard Anderson
No. A05-734 (Minn. App. 2006), unpublished
US
State Court
Minnesota
Court of Appeals
Eric J. Magnuson, John F. Bonner III, John J. Wackman, Patrick J. Rooney II, Randy G. Gullickson, Richard T. Ostlund, Robert J. Borhart
Crippen

Summary

The Minnesota Court of Appeals concluded that a buy-sell agreement executed between the parties established the purchase price of the stock for a buyout the court ordered as an oppression remedy.

See Also

Jacquelin Powell v. Richard Anderson

The Minnesota Court of Appeals concluded that a buy-sell agreement executed between the parties established the purchase price of the stock for a buyout ordered by the court as an oppression remedy. The court noted that the price for stock in a court orde ...