Court affirms buy-sell agreement's impact on share price

Business Valuation UpdateVol. 4 No. 2
Legal and Court Case Update
February 1998

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6411 Insurance Agents, Brokers, and Service
524210 Insurance Agencies and Brokerages
marital dissolution/divorce
buy-sell agreement, minority interest
In re the Marriage of Gillespie
89 Wn. App. 390, 948 P.2d 1338, 1997 Wash. App. LEXIS 2149
December 31, 1997
US
State Court
Washington
Court of Appeals
Frank Ault, CPA (for wife); Curtis Dyckman (for husband); Carey Deaton (for husband)
Seinfeld, Armstrong

Summary

Wife appeals the trial court's distribution of property, and claims husband's 293 shares of closely-held stock is community property.

See Also

In re the Marriage of Gillespie

Full Text of Court Cases
December 31, 1997

At issue is the valuation of husband's shares in an insurance company and a covenant not to compete.