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Corporations Keyed to Hazen
Neimark v. Mel Kramer Sales, Inc.
Citation:324 N.W.23 825 (1982)
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- Parties: Identifies the cast of characters involved in the case.
- Procedural Posture & History: Shares the case history with how lower courts have ruled on the matter.
- Case Key Terms, Acts, Doctrines, etc.: A case specific Legal Term Dictionary.
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- Rule of Law: Identifies the Legal Principle the Court used in deciding the case.
- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
Mel Kramer, founder and majority shareholder of Mel Kramer Sales, Inc. (MKS), died on December 5, 1976. On May 9, 1977, Delores Kramer, Kramer’s widow, was appointed personal representative of his estate. She is president and director of MKS. Jack Neimark is vice president and a director. After Kramer’s death, Delores indicated a reluctance to have MKS redeem the shares owned by her husband’s death. Neimark insisted that MKS redeem the estate’s shares. On November 30, Neimark commenced an action for specific performance of the redemption agreement.
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