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GINTER v. PALMER & CO.

No. 76-460.

566 P.2d 1358 (1977)

Carl M. GINTER, Jr., Plaintiff-Appellant, v. PALMER AND COMPANY, a Colorado Corporation, Defendant-Appellee.

Colorado Court of Appeals, Div. II.

Rehearing Denied May 5, 1977.

Certiorari Granted August 2, 1977.

Attorney(s) appearing for the Case

McCamant & Johnston, Wallace McCamant, Paonia, for plaintiff-appellant.

Brown & Brown, James D. Brown, Delta, for defendant-appellee.

SILVERSTEIN, Chief Judge.

Plaintiff appeals from a summary judgment for defendant. We affirm.

The Articles of Incorporation of defendant, Palmer and Company, provide:

"In the event of the death of a stockholder, the corporation shall have the option to purchase his stock . . . on the basis of the book value as of the date of death."

Dolorosa Ginter, a stockholder in the company died, leaving a will under which she bequeathed to plaintiff...

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