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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Bjorklund v. Bjorklund Trucking, Inc., 753 N.W.2d 312 (2008)

Citation
Bjorklund v. Bjorklund Trucking, Inc., 753 N.W.2d 312 (2008)
Parent Document
Bjorklund v. Bjorklund Trucking, Inc., 753 N.W.2d 312 (2008)
Jurisdiction
Minnesota (state)
Effective Date
2008-07-22

Other Sections in This Document (54)

Full Text

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In December 1993, Bjorklund convened a meeting to discuss the future of BTI. The meeting was attended by Bjorklund; Bruce Bjorklund; the Sapatnekars; BTI’s and Bjorklund’s accountant, Jim Daleiden; BTI’s and Bjorklund’s attorney, Andy Clark; and Mike Frost, an attorney at Clark’s firm who was involved in Bjork-lund’s estate planning. At that meeting, Bjorklund decided to transfer 98 of his 100 shares of BTI stock to his two children equally. The shares were transferred in 1993 and 1994. An agreement was also reached that BTI would pay Bjorklund $64,000 annually.