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incorporated herein by this reference.
I. Background
At the time the petitions in these cases were filed, Mr.
Beck resided in Fargo, North Dakota, and Beck's Liquors had its
principal place of business in Fargo, North Dakota. At the time
of the trial in this case, Mr. Beck was 73 years old.
A. Formation and Titling of Stock in Beck's Liquors
In 1977, Mr. Beck and his then wife, Gretchen Beck (Mrs.
Beck), started a liquor store business in Fargo, North Dakota,
known as Village West Liquors.5 Mr. Beck also had another liquor
store/bar known as Vega Ltd. Because Mr. Beck owned Vega Ltd.,
the Becks treated Mrs. Beck as the owner of Village West Liquors.
For liability purposes, the Becks decided to incorporate the
liquor store business. On January 14, 1981, the Becks
incorporated Beck's Liquors. Mrs. Beck transferred the business
of Village West Liquors with a net value of $30,000 to Beck's
Liquors in exchange for 30,000 shares of the common stock of
Beck's Liquors.
The Becks have two children, Michael and Michelle. Every
year from 1983 to 1987, Mrs. Beck transferred title to 3,000
shares of the stock of Beck's Liquors to each of her children.
By July 1987, Michael and Michelle each held title to 15,000
shares of the common stock of Beck's Liquors.
5Before Mr. Beck operated the liquor store, he was a farmer.
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