Outdated Value of Stock at Heart of Valuation Case

Business Valuation UpdateVol. 4 No. 9
Legal and Court Case Update
September 1998
8734 Testing Laboratories
541380 Testing Laboratories and Services
buy/sell agreement

K-Testing Lab v. Estate of Kennon
1998 Tenn. App. LEXIS 451
July 7, 1998
State Court
Court of Appeals


The company sought to purchase a 50% interest from Kennon's estate pursuant to a stock redemption and restriction agreement that established a procedure by which, upon the death of either stockholder, the corporation would purchase the decedent's stock for a previously ascertained value.

See Also

K-Testing Lab v. Estate of Kennon

Issue was purchase of 50% interest from estate per stock redemption agreement.