Nye v. Nye

PHILLIPS, Judge.

In this action for equitable distribution the trial court found that an unequal distribution is equitable and awarded plaintiff one hundred percent of the marital assets valued at $116,226.20 and defendant one hundred percent of the $568,545.75 sale price of his five percent stock interest in Jet Corr, Inc., a closely held corporation that defendant helped organize. Defendant’s stock was sold incident to the purchase of Jet Corr, Inc. by another concern a year after the parties separated. The sale proceeds were awarded to defendant upon findings that the shares had no net…