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IN RE MARRIAGE OF WALKER

No. 4-90-0162.

561 N.E.2d 390 (1990)

203 Ill. App.3d 632

149 Ill.Dec. 112

In re the MARRIAGE OF Roma WALKER, Petitioner-Appellee, and Jack F. Walker, Respondent-Appellant.

Appellate Court of Illinois, Fourth District.

September 28, 1990.

Attorney(s) appearing for the Case

William B. McNamara, Groppi, McNamara & Underhill, Danville, for respondent-appellant.

Arthur M. Lerner, Lerner & Kirchner, Champaign, for petitioner-appellee.

Justice GREEN delivered the opinion of the court:

This case concerns the question of whether 235 shares of stock of a closely held corporation are marital or nonmarital property under the provisions of section 503 of the Illinois Marriage and Dissolution of Marriage Act (Act) (Ill.Rev.Stat.1987, ch. 40, par. 503). Both a father and his son worked for the corporation during the son's marriage, and the stock was sold by the father to the son at a price which constituted...

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