KBM, INC. v. MacKichan

GIERKE, Justice.

Alan K. MacKichan appeals from a judgment, entered after remand in KBM, Inc. v. MacKichan, 386 N.W.2d 914 (N.D.1986), ordering him to sell his 916 outstanding shares of stock in KBM, Inc. [KBM] to that corporation for an agreed-upon book value of $100.28 per share. We affirm in part, reverse in part, and remand for recomputation of interest.

KBM is a closely-held engineering and architectural firm located in Grand Porks. MacKiehan, an employee and stockholder of KBM, wrote a letter of resignation which was accepted by the board of directors effective February 28, 1983. At the…