Marriage of Castonguay v. Castonguay

SIMONETT, Justice.

In this marriage dissolution proceeding the trial court ordered that half the husband’s shares in a closely held corporation be transferred to his wife, notwithstanding a provision in the corporate articles prohibiting stock transfers without first offering the shares to the corporation and the other stockholders at book value. The respondent husband appeals this ruling. He also appeals the trial court’s valuation of his shares of stock in a second corporation. We reverse in part and affirm in part.

1. The most important asset of this 22-year marriage is Paul Castonguay’s 43%…