Legal Opinion
Taylor v. AIA Services Corp.
Idaho Supreme Court
Decided September 7, 2011No. 36916PublishedCited by 36 opinions
1Opinion of the Court
BURDICK, Chief Justice.
On July 12, 1995, AIA Services Corporation (AIA Services) entered into a Stock Redemption Agreement with Appellant Reed Taylor to purchase all of his shares (613,494 shares) in AIA Services for a $1.5 million down payment promissory note, a $6 million promissory note and other consideration. Reed Taylor is the founder of AIA Insurance, Inc. (AIA Insurance), which is a wholly-owned subsidiary of AIA Services, and at the time he negotiated the Stock Redemption Agreement, Reed Taylor was the majority shareholder of AIA Services. AIA Services failed to pay a $1.5 million…
2Cases cited46 opinions
- Edwards v. Prime, Inc.Court of Appeals for the Eleventh Circuit · 2010
- Taylor v. McNicholsIdaho Supreme Court · 2010
- Infanger v. City of SalmonIdaho Supreme Court · 2002
- Myers v. Workmen's Auto InsuranceIdaho Supreme Court · 2004
- Stearns v. WilliamsIdaho Supreme Court · 1952
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3Cited by36 opinions
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- Stonebrook Constraction, LLC v. Chase Home Finance, LLCIdaho Supreme Court · 2012
- Trotter v. Bank of New York MellonIdaho Supreme Court · 2012
- Candace Elliott v. Steve MurdockIdaho Supreme Court · 2016
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