Stock Value Calculated Under Stock Redemption Agreement Upheld

Business Valuation Update BVLaw
Legal and Court Case Update
July 7, 1998

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8734 Testing Laboratories
541380 Testing Laboratories and Services
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

Full Text of Court Cases
July 7, 1998

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