KBM, INC. v. MacKichan

MESCHKE, Justice.

Alan MacKichan appeals from a judgment ordering him to sell all shares of his stock in KBM, Inc. (KBM) to that corporation for the sum of $100.28 per share. We affirm in part, reverse in part, and remand for further proceedings to determine the proper purchase price for MacKichan’s stock.

KBM is an engineering and architectural firm located in Grand Forks. MacKichan became associated with KBM in 1962, and when the business was incorporated in 1969 he became a stockholder. MacKichan served as secretary/treasurer for the corporation until 1982 when he lost that position and was…