Matter of Estate of Scott

GRIMM, Judge.

Mother appeals from the dismissal of her petition to compel enforcement of a stock purchase agreement. The probate division of the circuit court held that she lacked standing. She appeals; we affirm.

I. Background

Father, sons, and daughter owned all of the stock in Vitro Products, Inc. On December 28, 1977, they executed a stock purchase agreement. Father signed the agreement as a shareholder and as president on behalf of the corporation. Mother did not own any stock in the corporation.

The agreement restricts transfer of the corporation’s stock. It requires any shareholder…