Fact Pattern 24-2
Bertram, Claudia, and Dynah form Eat Local, Inc., a closely held corporation, and agree to restrict the transfer of its stock to anyone else. The agreement provides that if one of the shareholders dies, his or her shares of stock in Eat Local will be divided to maintain the proportionate control of the survivors.
-Refer to Fact Pattern 24-2.Later,Bertram dies.With respect to the stock transfer restriction agreement,Bertram's death most likely

Question

Fact Pattern 24-2 
Bertram, Claudia, and Dynah form Eat Local, Inc., a closely held corporation, and agree to restrict the transfer of its stock to anyone else. The agreement provides that if one of the shareholders dies, his or her shares of stock in Eat Local will be divided to maintain the proportionate control of the survivors.
-Refer to Fact Pattern 24-2.Later,Bertram dies.With respect to the stock transfer restriction agreement,Bertram's death most likely

Quizplus · Accepted Answer

The fact pattern states that the agreement contains a provision for the division of the shares upon the death of a shareholder. Therefore, Bertram's death would trigger this provision and the shares would be divided according to the agreement. It does not invalidate or violate the entire agreement, nor does it void the division provision only.