Supreme Court of Minnesota June 5, 1981, 51719 (Marriage of Castonguay v. Castonguay)

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United States · · · 05-06-1981

SIMONETT, Justice.

In this marriage dissolution proceeding the trial court ordered that half the husband’s shares in a closely held corporation be transferred to his wife, notwithstanding a provision in the corporate articles prohibiting stock transfers without first offering the shares to the corporation and the other stockholders at book value. The respondent husband appeals this ruling.

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