Security State Bank, Hartley v. Ziegeldorf

TERNUS, Justice.

After the shareholders of appellants, Security State Bank, Hartley and Security State Bank, Lake Park, approved a reverse stock split, the banks brought these actions to determine the value of shares held by the dissenting shareholders, appellees, Genevieve Ziegeldorf and Allen Arnold. All parties appeal from the trial court’s appraisal of the shares. In addition, the dissenting shareholders appeal from the court’s refusal to award attorney fees. We affirm the value placed on the shares by the trial court, reverse the court’s denial of attorney fees, and remand for a…