Landis v. Landis
Indiana Court of Appeals
1Opinion of the Court
OPINION
GARRARD, Judge.
Howard Barry Landis (Barry) and Eilene Ruth Landis (Eilene) were married for twenty-cight years. During the marriage they started a woodworking business which they incorporated in 1987 as E & L Associates Woodworking, Inc. (E & L). Each owned 50% of its capital stock, and both served as officers, directors and employees of the corporation. By August, 1992, each was earning in excess of $98,000 per year from E & L.
On August 12, 1992 their marriage was dissolved. As part of a property settlement agreement, each kept their capital stock in E & L, and they informally agreed…
2Cases cited7 opinions
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