Case Title: William O. Cannon v. Thomas E. Monroe

Citation: 

Docket Number: SC88812

State: missouri

Court: Missouri Supreme Court

Date: 2008-12-16T00:00:00Z

Document:
SUPREME COURT OF MISSOURI 
en banc 
 
 
 
 
 
 
 
 
) 
WILLIAM O. CANNON,  
 
 
) 
 
 
 
Respondent,  
 
) 
 
 
 
 
 
 
 
) 
 
 
v. 
 
 
 
 
) 
No. SC88812 
 
 
 
 
 
 
 
) 
THOMAS E. MONROE,  
 
 
) 
 
 
 
Appellant. 
 
 
) 
 
 
APPEAL FROM THE CIRCUIT COURT OF ST. LOUIS COUNTY  
The Honorable Maura B. McShane, Judge 
PER CURIAM 
William O. Cannon and Thomas E. Monroe each owned one-half interest in three 
related companies.  Differences arose, and Cannon brought this action under section 
351.4671 to dissolve the companies and distribute the assets.  Monroe argued that section 
351.467 impaired an agreement he had with Cannon and was, therefore, invalid.  The trial 
court applied section 351.467, and Monroe appeals to this Court.   
Monroe asserts jurisdiction in this Court because the validity of a statute is 
involved as it relates to his agreement with Cannon.  That agreement addressed two 
different situations: (1) if a shareholder sought to transfer or encumber his shares of stock 
in the corporation or (2) if a shareholder desired to sell, encumber or otherwise dispose of 
                                             
 
1 All statutory references are to RSMo 2000. 
 
the stock of the corporation without consent of the other shareholders.  In this case, 
however, Cannon did not seek to exercise either of these options.  Rather, as noted, 
Cannon brought this action under section 351.467 to dissolve the companies and 
distribute the assets.   
As the agreement is not applicable to this action, the validity of section 351.467 is 
not implicated.  The case is ordered transferred to the court of appeals.  Mo. Const. art. V, 
sec. 11. 
Stith, C.J., Price, Teitelman, Russell, Wolff and  
Breckenridge, JJ., and Dildine, Sp.J., concur.  
Fischer, J., not participating. 
 
 
 
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