Minority Shareholder Retains Rights Until Legal Title Is Relinquished

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

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buy/sell agreement
minority shareholder
Stephenson v. Drever
16 Cal. 4th 1167, 69 Cal. Rptr. 2d 764, 947 P.2d 1301, 1997 Cal. LEXIS 7905
December 15, 1997
US
State Court
California
Supreme Court
Mosk, George, Kennard, Baxter, Werdegar, and Chin

Summary

Minority shareholder (Plaintiff) was employed by Drever Partners Inc., a closely held company, and later became the chief operating officer of the company.

See Also

Stephenson v. Drever

Full Text of Court Cases
December 15, 1997

At issue are the rights of the plaintiff, a minority shareholder, during the postemployment period necessary to determine the value of his shares pursuant to the buy-sell agreement.