Brown v. Arp and Hammond Hardware Company

BURKE, Justice.

[¶ 1] Suzanne Brown, in her individual capacity and as successor trustee of two trusts, (collectively “Appellants”), held a minority interest in Arp and Hammond Hardware Company. The corporation executed a reverse stock split, cashing out Appellants’ resulting fractional shares.' Appellants exercised their right to dissent. Unable to reach an agreement concerning the value of Appellants’ shares, the corporation filed an appraisal proceeding in district court. On appeal, Appellants challenge the district court’s appraisal of their minority shares. They assert it was error for…