Everhart v. Everhart
Everhart v. Everhart
Opinion of the Court
On this appeal by respondent/husband from a final judgment of dissolution of marriage and other relief we find one point to have merit.
The trial court found that petitioner/wife had a special equity in Key Packaging Company, Inc. and awarded her a one-third interest in the business. Appellant was directed to transfer to appellee one-third of all the shares in Key Packaging held by him at that time and one-third of any shares he might acquire as a result of certain agreements referred to as the Wing Agreements which included an employment contract and a stock redemption plan. It seems to us that the trial judge’s intent by this somewhat unusual arrangement was to insure that appellee would receive one-third of any stock in Key Packaging obtained by appel
The trial court erred, however, in additionally granting an equitable lien on one-third of the shares currently owned or subsequently acquired by appellant. Accordingly, the following portion of the final judgment is stricken: “The Petitioner is hereby granted an equitable lien on all such interests to the extent of her one-third (V3) undivided interest therein.”
AFFIRMED in part; REVERSED in part; and REMANDED.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.