BEERS v. TISDALE

No. 90-P-23.

33 Mass. App. Ct. 621 (1992)

603 N.E.2d 239

MALCOLM M. BEERS vs. GEORGE TISDALE & others.

Appeals Court of Massachusetts, Middlesex.

November 23, 1992.


Attorney(s) appearing for the Case

George R. Desmond for the defendants.

Donald R. Peck for the plaintiff.

Present: ARMSTRONG, SMITH, & IRELAND, JJ.


ARMSTRONG, J.

In June, 1984, the plaintiff Beers joined with the three defendants, all public accountants, in forming a professional corporation, of which they were the sole shareholders, directors, and officers. They executed at the same time a stock redemption agreement, which provided that, upon the retirement of any shareholder, "the Corporation shall redeem, and the [retiring shareholder] shall surrender for...

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