Legal Opinion
In Re Valuation of Common Stock of McLoon Oil Co.
Supreme Judicial Court of Maine
Decided November 3, 1989PublishedCited by 57 opinions
1Opinion of the Court
McKUSICK, Chief Justice.
Ten years ago we examined for the first time the principles to be applied in finding the “fair value” of a dissenting shareholder’s stock under the recently enacted Maine Business Corporations Act. 1 See In re Valuation of Common Stock of Libby, McNeill & Libby, 406 A.2d 54 (Me.1979). Libby involved a public corporation with common stock listed on the New York Stock Exchange. In the present appeal we revisit the fair value question in an appraisal proceeding involving three Maine corporations with untraded stock owned entirely by the members of a single family.
On…
2Cases cited32 opinions
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Cavalier Oil Corp. v. HarnettSupreme Court of Delaware · 1989
- Tri-Continental Corporation v. BattyeSupreme Court of Delaware · 1950
- Cede & Co. v. Technicolor, Inc.Supreme Court of Delaware · 1988
- Blake v. Blake Agency, Inc.Appellate Division of the Supreme Court of the State of New York · 1985
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3Cited by57 opinions
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- Pueblo Bancorporation v. Lindoe, Inc.Supreme Court of Colorado · 2003
- HMO-W INC. v. SSM Health Care SystemWisconsin Supreme Court · 2000
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