IN RE ESTATE OF WEBER

No. 76-232.

86 Wis.2d 151 (1978)

271 N.W.2d 657

IN RE ESTATE OF Herbert C. WEBER, a/k/a Herbert C. Weber, Sr., a/k/a Herb C. Weber, Sr., Deceased: HUB CITY FOODS, INC., Appellant, v. DEPARTMENT OF REVENUE, Respondent.

Supreme Court of Wisconsin.

Decided November 28, 1978.


Attorney(s) appearing for the Case

For the appellant there were briefs by Roger C. Minahan, John B. Haydon, James W. Mohr, Jr., and Whyte & Hirschboeck, S.C., of Milwaukee, and oral argument by Mr. Minahan.

For the respondent the cause was argued by Allan P. Hubbard, assistant attorney general, with whom on the brief was Bronson C. La Follette, attorney general.


DAY, J.

Hub City Foods, Incorporated, appellant (hereafter Hub City) appeals the order of the Wood County Court determining inheritance tax, entered May 27, 1976, and the order of the Wood County Court denying Hub City's request for a six percent interest rate, entered October 14, 1976.

The principal question raised is:

When a shareholder of a closely held corporation enters into an agreement with the corporation providing for the mandatory redemption...

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