GRANTHAM v. STATE OF TENN. BD. OF EQUAL.


824 S.W.2d 171 (1991)

Walter GRANTHAM, Executor of the Estate of Daniel I. Perlberg, Petitioner/Appellant, v. STATE OF TENNESSEE BOARD OF EQUALIZATION and the Commissioner of Revenue of the State of Tennessee, Respondents/Appellees.

Court of Appeals of Tennessee, Middle Section, at Nashville.

Permission to Appeal Denied January 6, 1992.


Attorney(s) appearing for the Case

Harry Berke, Berke, Berke & Berke, Chattanooga, for petitioner/appellant.

Charles W. Burson, Atty. Gen. & Reporter, William P. Sizer, Asst. Atty. Gen., Nashville, for respondents/appellees.


Permission to Appeal Denied by Supreme Court January 6, 1992.

OPINION

CANTRELL, Judge.

Daniel I. Perlberg's executor has appealed the State Board of Equalization's valuation, for inheritance tax purposes, of the stock in United Liquors of Chattanooga, Inc., a closely held corporation. The controversy is whether the stock's value is affected by a binding agreement allowing another shareholder or the corporation...

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