Minority Shareholder Retains Rights Until Legal Title Is Relinquished

Business Valuation UpdateVol. 4 No. 2
Legal and Court Case Update
February 1998
6531 Real Estate Agents and Managers
531311 Residential Property Managers
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
State Court
Supreme Court
Mosk, George, Kennard, Baxter, Werdegar, and Chin


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

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.