HENDERSON, J., delivered the opinion of the Court.
This appeal is from a declaratory decree that the proceeds of a $50,000 insurance policy upon the life of Bart Arconti, Senior, should be included as an asset in determining the book value of the decedent's stock in the appellant corporation, pursuant to the terms of a stock purchase agreement.
There is little dispute as to the basic facts. The corporation was formed in 1948, and engaged in the general contracting...
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