Nonowner Spouse Signed Buy-Sell: Is She Bound by Its Value in Divorce?

Business Valuation UpdateVol. 15 No. 10
Legal and Court Case Update
October 2009

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5812 Eating and Drinking Places
722513 Limited-Service Restaurants
marital dissolution/divorce
buy-sell agreement, franchise
Inzer v. Inzer
2009 WL 2263818 (Tenn. Ct. App.)
July 28, 2009
US
State Court
Tennessee
Court of Appeals
David W Garrett, Eric J Burch
Clyde W. Bright (husband); Cameron L. Ray (wife)
Bennett

Summary

Court finds that when a non-shareholder spouse signs a buy-sell agreement, she is bound by its value in divorce.

See Also

Inzer v. Inzer

Full Text of Court Cases
July 28, 2009

Court finds that when a non-shareholder spouse signs a buy-sell agreement, she is bound by its value in divorce.