Michaelson v. Michaelson

We granted certiorari 1 to review the judgment of the court of appeals in Michaelson v. Michaelson, 923 P.2d 237 (Colo.App.1995) (.Michaelson III). The trial court had entered a total judgment of $538,813 in favor of Ruth Michaelson. The court of appeals reversed and remanded the case to the trial court with directions to recalculate the judgment amount in light of a quitclaim deed which Ruth Michaelson had executed.

We hold that, when she quitclaimed her interest in the three parcels of land, Ruth Michaelson did not: (1) transfer her interest as a fifty-percent shareholder in a corporation as…