BLACKBURN v. TKT AND ASSOCIATES, INC.

No. 4496.

382 S.C. 71 (2009)

675 S.E.2d 448

Kent BLACKBURN and Allison R. Minnich, Appellants, v. TKT AND ASSOCIATES, INC., Martha C. Carver, and Raymond T. Windham, Respondents.

Court of Appeals of South Carolina.

Decided January 28, 2009.

Withdrawn, Substituted and Refiled March 26, 2009.


Attorney(s) appearing for the Case

Louis D. Nettles, of Florence, for Appellants.

C. Pierce Campbell and J. Rene Josey, of Florence, for Respondents.


HEARN, C.J.

Minority shareholders, Kent Blackburn and Allison Minnich, appeal an order denying their objections to a court-ordered appraisal of common stock of Respondent, TKT and Associates, Inc., (TKT) for the purpose of a shareholder buyout. We affirm.

FACTS

In late 2002, TKT was formed by Blackburn, Tina Carver, and Tony Windham to sell durable medical equipment (DME).1 The corporation was funded by a loan for $50...

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