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REID v. REID

No. 7128.

514 P.2d 1294 (1973)

Raymond A. REID, Appellant, v. DeAnn H. REID, Respondent.

Supreme Court of Nevada.

October 23, 1973.

Attorney(s) appearing for the Case

Jones, Jones, Close, Bilbray, Kaufman & Olsen, Ltd., Las Vegas, for appellant.

George, Steffen & Simmons, Las Vegas, for respondent.

OPINION

ZENOFF, Justice:

Raymond Reid and DeAnn Reid were married in 1962. Two children, ages nine and seven at the time of the divorce, were born of the marriage.

Raymond was a sheetmetal worker at the Nevada Test Site when on July 1, 1971 the Reids, with another couple, the Montheis, purchased Pet Village, Inc. for $213,000. These divorcing parties owned 50% of the corporation paying $15,000 for their share of the stock.

As part of their...

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