Buyout Agreement Irrelevant to Valuation of Spouse’s Business Interest

Business Valuation UpdateVol. 19 No. 2
Legal and Court Case Update
February 2013

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1752 Floor Laying and Other Floor Work, NEC
238330 Flooring Contractors
marital dissolution/divorce
buy-sell agreement, valuation date
Colclasure v. Colclasure
2012 Okla. LEXIS 106
November 20, 2012
US
State Court
Oklahoma
Supreme Court
Kenneth W. Klingenberg (wife); Ralph E. Blodgett (husband)
Kauger

Summary

State Supreme Court finds trial court erred in valuing husband’s business interest based on buy-out agreement the parties ignored; on remand, valuation must meet statutory requirement of a fair and just division.

See Also

Colclasure v. Colclasure

Full Text of Court Cases
November 20, 2012

State Supreme Court finds trial court erred in valuing husband’s business interest based on buy-out agreement the parties ignored; on remand, valuation must meet statutory requirement of a fair and just division.