Buy-Sell Agreement That Contemplates Avoiding Judicial Dissolution Enforced

Business Valuation Update BVLaw
Legal and Court Case Update
March 3, 2005

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buy/sell agreement
Michelle Hayes v. Sheila Reynolds
No. 2004-11956 (NY Sup. 2005)
US
State Court
New York
Supreme Court
Fisher

Summary

The New York Supreme Court for the County of Monroe determined that the valuation provision in a buy-sell agreement should be enforced in a fair value determination occurring under BCL sec. 1118 (purchase of stock to avoid dissolution).

See Also

Michelle Hayes v. Sheila Reynolds

Full Text of Court Cases
March 3, 2005

The New York Supreme Court for the County of Monroe determined that the valuation provision in a buy-sell agreement should be enforced in a fair value determination occurring under BCL sec. 1118 (purchase of stock to avoid dissolution) where the buy-sell ...