Trahan v. Trahan

Opinion

KLINE, P. J.

Introduction

Appellants-moving parties Jeffrey and David Trahan and respondents-purchasing parties Patrick and Timothy Trahan are the sole shareholders of Trahan Bros., Inc., a closely held corporation. Appellants together own 50 percent of the shares, as do respondents. Appellants sought to dissolve the corporation and respondents thereafter exercised their statutory right under Corporations Code 1 section 2000 to prevent dissolution by electing to purchase appellants’ shares at the statutorily mandated fair value. Appellants appeal from a decree of the Marin County…