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BAKER v. AYRES AND BAKER POLE AND POST

No. 04-221.

117 P.3d 1234 (2005)

2005 WY 97

Joan BAKER, an individual, as a representative shareholder, and as personal representative of the Estate of Alvin R. Baker, Appellant (Plaintiff), v. AYRES AND BAKER POLE AND POST, INC., a Wyoming corporation; Larry W. Ayres, an individual; and Karan L. Ayres, an individual, Appellees (Defendants).

Supreme Court of Wyoming.

August 22, 2005.

Attorney(s) appearing for the Case

Clark D. Stith of Greenhalgh, Beckwith, Lemich, Stith & Cannon, P.C., Rock Springs, Wyoming, for Appellant. Argument by Mr. Stith.

Ford T. Bussart and William B. Payne of Bussart, West & Tyler, P.C., Rock Springs, Wyoming, for Appellees. Argument by Mr. Payne.

Before HILL, C.J., and GOLDEN, KITE, VOIGT, and BURKE, JJ.

KITE, Justice.

[¶ 1] After Alvin Baker passed away, the proceeds of a life insurance policy issued in his name were delivered to the named beneficiary, his wife, Joan Baker. Mrs. Baker then sought payment from Mr. Baker's business associates, Larry and Karan Ayres, and the corporation in which he and Mr. Ayres were the sole shareholders, Ayres and Baker Pole and Post, Inc. (the Company) for the value of Mr. Baker's shares in the Company. The Ayres and the Company...

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