CORPORATE CROSS PURCHASE BUY-SELL AGREEMENT WHAT IT IS... A plan to effect the orderly change in the ownership of a close corporation at the death of a stockholder. A corporate cross purchase agreement works the same as a partnership cross purchase agreement.> A Cross Purchase Buy and Sale Agreement: Creates a market for closely held stock Establishes a price for the stock Stockholders agree to buy the stock at death, retirement or disability Stockholders agree to sell their shares The Corporation can provide the money to fund the plan (purchase the insurance.)   HOW IT WORKS...