Era Co. v. Pittsburgh Consolidation Coal Co.

Opinion by

Mr. Justice Allen M. Stearne,

This appeal involves the construction of section 908 of the Business Corporation Law of May 5, 1933, P. L. 364, as amended March 31, 1941, P. L. 13 (PS Title 15, section 2852 — 908).

The act provides a remedy for the protection of a dissenting stockholder against a corporate merger and prescribes the method of procedure.

The shareholder (defined in the act as the registered owner), in order to secure the benefit of the provisions of the statute, must do three things: (a) file a written objection to the merger; (b) refrain from voting in favor of the…