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HOCH v. ELLIS

No. 4475.

627 P.2d 1060 (1981)

Edward H. HOCH and Edward A. Hoch, Appellants, v. Charles William ELLIS and Evalyn B. Ellis, Appellees.

Supreme Court of Alaska.

May 8, 1981.

Attorney(s) appearing for the Case

Peter Walton & Associates, Anchorage, for appellants.

Kenneth R. Lamb, Kenneth R. Lamb & Associates, Anchorage, for appellees.

Before RABINOWITZ, C.J., and CONNOR, BURKE and MATTHEWS, JJ.

OPINION

RABINOWITZ, Chief Justice.

Charles Ellis and his wife Evalyn, as shareholders in B & E Enterprises, Inc., owned the Norge Village Happy Hour Cleaners, a laundromat and dry cleaning operation in Fairbanks. The business operated out of a building owned by Bud Meyeres. In 1967, the business was sold to the 3-H Corporation, an Alaska corporation. 3-H was a family operation with the majority of the stock...

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