Should Dated Buyout Set Value of Stock in Closely Held Corporation?

Business Valuation UpdateVol. 20 No. 3
Legal and Court Case Update
March 2014
6221 Commodity Contracts Brokers and Dealers
523140 Commodity Contracts Brokerage
marital dissolution/divorce
buyout, discovery, minority shareholder, stock purchase agreement

Hanusin v. Hanusin
2013 Ill. App. Unpub. LEXIS 2618
November 20, 2013
US
State Court
Illinois
Court of Appeals
Mary Miller (wife); Thomas Kammerait (husband)
Schostok

Summary

In a divorce case involving a closely held corporation, the appeals court finds trial court was justified to credit a 2004 stock purchase agreement instead of a 2012 settlement when valuing husband’s shares; the buyout was a true arms-length transaction ...

See Also

Hanusin v. Hanusin

In a divorce case involving a closely held corporation, the appeals court finds trial court was justified to credit a 2004 stock purchase agreement instead of a 2012 settlement when valuing husband’s shares; the buyout was a true arms-length transaction ...