Legal Opinion
First Western Bank Wall v. Olsen
South Dakota Supreme Court
Decided January 31, 2001No. 21441PublishedCited by 22 opinions
1Opinion of the Court
GILBERTSON, Justice.
[¶ 1.] Pursuant to SDCL 47-6-48, First Western Bank of Wall (Bank) petitioned the circuit court for a determination of “fair value” of certain fractional shares belonging to dissenting shareholders. The circuit court determined that the “fair value” of the fractional shares did not include a minority discount or a non-marketability discount. Therefore, the circuit court determined the “fair value” of the shares to be $1,414,640, rather than $601,268 as proposed by Bank. Bank appeals this determination. We affirm.
FACTS AND PROCEDURE
[¶2.] Bank has its principal place of…
2Cases cited28 opinions
- Daubert v. Merrell Dow Pharmaceuticals, Inc.Supreme Court of the United States · 1993
- Kumho Tire Co. v. CarmichaelSupreme Court of the United States · 1999
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Cavalier Oil Corp. v. HarnettSupreme Court of Delaware · 1989
- State v. MoellerSouth Dakota Supreme Court · 1996
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3Cited by22 opinions
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- Pueblo Bancorporation v. Lindoe, Inc.Supreme Court of Colorado · 2003
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