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Business Organizations Keyed to Bouchoux
F.B.I. Farms, Inc. v. Moore
Citation:798 N.E.2d 440 (Ind. 2003)
F.B.I. Farms, Inc. was formed by Ivan and Thelma Burger, their children, Linda and Freddy, and the children’s spouses. In 1977, the board of directors of F.B.I. consisted of Moor, Ivan, Freddy and Linda. Linda’s marriage to Moore was dissolved in 1982. As part of the dissolution proceedings, Linda was awarded all of the F.B.I. shares and Moore was awarded a monetary judgment. F.B.I. filed for bankruptcy protection. In 2000, Moore instituted this suit against F.B.I., its shareholders, and Linda seeking a judgment that the attempted cancellation of the shares by the defendants was invalid and that the shares were unencumbered by restrictions and were freely transferable.
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