Trahan

Introduction

Appellants-moving parties Jeffrey and David Trahan and respondents-purchasing parties Patrick and Timothy Trahan are the sole shareholders of Trahan Bros., Inc., a closely held corporation. Appellants together own 50 percent of the shares, as do respondents. Appellants sought to dissolve the corporation and respondents thereafter exercised their statutory right under Corporations Code section 2000 to prevent dissolution by electing to purchase appellants’ shares at the statutorily mandated fair value. Appellants appeal from a decree of the Marin County Superior Court confirming the appraiser’s award and providing that Trahan Bros., Inc. will be dissolved unless the corporation and/or respondents purchase appellants’ share in the corporation for a sum equal to or greater than that determined by the award of die appraiser, in this case negative $82,243.50. Appellants argue that the superior court’s confirmation of the appraiser’s determination of the fair value of their Trahan Bros., Inc., shares was erroneous as a matter of law where the appraiser refused to include in her valuation of the corporation certain existing but uncompleted contracts, which…