Legal Opinion
Croxton v. MSC Holding, Inc.
Court of Appeals of Georgia
Decided July 9, 1997No. A97A1168PublishedCited by 23 opinions
1Opinion of the Court
Birdsong, Presiding Judge.
The question in this case is whether a shareholder who has an individual, independent contract requiring him to sell, and the corporation to buy, his shares at a certain time for a minimum price (in this case, $400,000) is in all cases nevertheless limited to the statutory appraisal remedy set forth by OCGA § 14-2-1302 for valuation of shares of dissenting shareholders under Grace Bros., Ltd. v. Farley Indus., 264 Ga. 817 (450 SE2d 814).
George Duke Croxton worked for Magnus Software Corporation since 1992. After NYLIFE, Inc. purchased a majority of the company’s…
2Cases cited5 opinions
- Phoenix Airline Services, Inc. v. Metro Airlines, Inc.Supreme Court of Georgia · 1990
- Grace Bros. v. Farley Industries, Inc.Supreme Court of Georgia · 1994
- English v. Liberty Mortgage Corp.Court of Appeals of Georgia · 1992
- Asberry v. StateCourt of Appeals of Georgia · 1996
- West v. GriggsCourt of Appeals of Georgia · 1977
3Cited by23 opinions
- Nairon v. LandCourt of Appeals of Georgia · 2000
- Georgia Military College v. SantamorenaCourt of Appeals of Georgia · 1999
- Smith Service Oil Co., Inc. v. ParkerCourt of Appeals of Georgia · 2001
- Lewis v. Turner Broadcasting System, Inc.Court of Appeals of Georgia · 1998
- Matthews v. Tele-Systems, Inc.Court of Appeals of Georgia · 1999
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