Alaska Plastics, Inc. v. Coppock

OPINION

CONNOR, Justice.

The issue in this case involves the rights of a minority shareholder in a close corporation who allegedly has been deprived of benefits accorded other shareholders. The trial judge concluded that the corporation was obligated to buy the minority shareholder’s stock at its fair value. We have concluded that this remedy is not available on the present record as a matter of law. Accordingly, we remand to the superior court to determine whether, based upon adequate findings of fact and conclusions of law, a remedy more appropriate to the alleged facts is available.

Those…