Marriage of Sweere v. Gilbert-Sweere

OPINION

PETERSON, Judge.

Appellant Ann Gilbert argues the district court erred in finding that the gross proceeds from the sale of the parties’ marital stock in a closely-held corporation did not include $200,000 designated as payment for a noncompetition agreement signed by respondent Ricky Sweere. We agree and reverse and remand for further proceedings.

FACTS

Appellant Ann Gilbert and respondent Ricky Sweere dissolved their marriage in 1992 pursuant to a stipulation. At the time of the dissolution, respondent was executive vice president of Pierce Companies, Inc. (PCI), a closely-held…