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Enforcement of buy-sell agreement is barred by nonclaim statute

In Steen and BergCo. v. Berg, 713 N.W.2d 87 (N.D. 2006), a corporation brought an actionagainst the shareholder’s estate for specific performance of a buy-sellagreement well beyond the three-month period for bringing claims under thestate’s version of the Uniform Probate Code. Reversing the trial court, adivided court held that the action involved a claim that was barred by statutein an opinion extensively discussing cases from other UPC jurisdictions.

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