Amodio v. Amodio

OPINION OF THE COURT

The only issue before the court in this divorce action is the value, for equitable distribution purposes, of defendant’s 15% stock interest in Capitol Electrical Supply Co., Inc., a closely held corporation. Defendant acquired the stock in 1980 for $87,500 pursuant to the terms of a shareholder’s agreement *7which provides that if defendant seeks to sell his stock within 20 years, the other shareholders may exercise a right of first refusal and purchase his shares for the price paid. The agreement also provides that if defendant dies within its 20-year term, the surviving…