BELT v. BELT

No. 14299.

679 P.2d 1144 (1984)

106 Idaho 426

LaRue C. BELT and Ann B. Belt, husband and wife, Plaintiffs-Respondents, v. Larry F. BELT and Kristie Belt, husband and wife; Christopher Belt; and Belbro, Inc., an Idaho corporation, Defendants-Appellants.

Court of Appeals of Idaho.

April 10, 1984.


Attorney(s) appearing for the Case

Thomas A. Mitchell, Coeur d'Alene, for defendants-appellants.

Michael J. Newell, Coeur d'Alene, for plaintiffs-respondents.


WALTERS, Chief Judge.

Larry and Kristie Belt, Larry's son Christopher and Belbro, Inc., appeal from a district court judgment dissolving Belbro, Inc. The judgment ordered Belbro's net assets distributed according to the capital contributions of Larry Belt and his brother LaRue Belt, rather than according to stock ownership, in order to avoid unjust enrichment of Larry. The appellants argue that Idaho law requires distribution of corporate assets according to stock...

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