Kortum v. Johnson

CROTHERS, Justice.

[¶ 1] Cynthia Kortum and Cynthia Kortum Enterprises, Ltd. (“Kortum”), appeal from a district court judgment dismissing their complaint and ordering Kor-tum to sell back her shares in Independent Family Doctors, Ltd., to the corporation. We affirm.

I

[¶ 2] In 2002, Cynthia Kortum, Steve Johnson, Theresa Johnson, Tracy Martin, and Michelle Radke-Hella, who were all physicians, incorporated Independent Family Doctors, Ltd., a medical clinic housing them medical practices. Each of the physicians was issued 5,000 shares in the corporation. They executed a buy-sell agreement which…