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G & N AIRCRAFT, INC. v. BOEHM

No. 45S05-0003-CV-221.

743 N.E.2d 227 (2001)

G & N AIRCRAFT, INC. and Paul Goldsmith, Appellants (Defendants Below), v. Erich BOEHM, for himself and as minority shareholder of G & N Aircraft, Inc., Appellee (Plaintiff Below).

Supreme Court of Indiana.

March 2, 2001.

Attorney(s) appearing for the Case

Gilbert F. Blackmun, Leonard M. Holajter, Highland, IN, Nana Quay-Smith, Karl L. Mulvaney, Candace L. Sage, Indianapolis, IN, Samuel T. Miller, Munster, IN, Attorneys for Appellants.

Paul A. Rake, Gregory A. Crisman, John P. Twohy, Hammond, IN, Attorneys for Appellee.

ON PETITION FOR TRANSFER

BOEHM, Justice.

This case deals with the obligations of a majority shareholder in a close corporation and the remedies available to a minority shareholder for breach of those duties.

Factual and Procedural Background

G & N Aircraft, Inc., is an Indiana corporation engaged in overhauling and rebuilding piston engines for aircraft. G & N was founded in 1962...

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