First Sec. Bank of Idaho, N.A. v. Murphy - Supreme Court Of Idaho

First Sec. Bank of Idaho, N.A. v. Murphy

By Supreme Court Of Idaho

  • Release Date: 1998-08-24
  • Genre: Law
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First Sec. Bank of Idaho, N.A. v. Murphy Supreme Court Of Idaho Book Review Score: ★★★★★ 5/5 stars

This is an appeal from the district courts award of summary judgment in favor of the defendant shareholder and general manager of Ace Supply, Inc., arising out of the interpretation of a shareholders agreement providing for a corporate buy-back of stock upon the death of a shareholder of the closely held corporation. We vacate the order granting summary judgment to the defendant and remand the case for further proceedings.

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