CUMRINE v. IPG, INC.

75111.

186 Ga. App. 384 (1988)

367 S.E.2d 581

CUMRINE v. IPG, INC.

Court of Appeals of Georgia.

Decided March 16, 1988.


Attorney(s) appearing for the Case

John T. McTier, for appellant.

J. Converse Bright, for appellee.


CARLEY, Judge.

Appellee-defendant is a closely-held professional corporation engaged in the practice of architecture in Valdosta, Georgia. Until his retirement in 1984, appellant-plaintiff was a principal shareholder in appellee. In 1980, appellee and its shareholders, including appellant, entered into a "buy-sell" agreement. The "buy-sell" agreement provided that either upon the termination of a shareholder's interest by a majority vote of appellee's board of directors...

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