Stock Value Calculated Under Stock Redemption Agreement Upheld

Business Valuation Update BVLaw
Legal and Court Case Update
July 7, 1998
8734 Testing Laboratories
541380 Testing Laboratories
buy/sell agreement

K-Testing Lab v. Estate of Kennon
1998 Tenn. App. LEXIS 451
US
State Court
Tennessee
Court of Appeals
Lillard

Summary

The Tennessee Court of Appeals enforced a buy-sell agreement that required the company to purchase the stock in the event of death for a specific value contained in the decedent's shareholders' agreement.

See Also

K-Testing Lab v. Estate of Kennon

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