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WILLIS v. RONAN

218 A.D.2d 794 (1995)

631 N.Y.S.2d 50

Charles R. Willis et al., Appellants, v. Mary Ronan, as Executrix of Daniel E. Ronan, Deceased, Respondent

Appellate Division of the Supreme Court of the State of New York, Second Department.

August 28, 1995

Ordered that the order is affirmed insofar as appealed from, with costs.

The plaintiff Charles R. Willis and defendant's decedent Daniel E. Ronan were the sole shareholders in the plaintiff Park Inn Ford, Inc. (hereinafter Park Inn), a car dealership. Their shareholders' agreement provided, inter alia, that upon Ronan's death, Willis had the right to purchase his interest "at the net worth value as determined by certified...

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