Utah Resources International, Inc. v. Mark Technologies Corp.

Chief Justice DURRANT,

opinion of the Court:

Introduction

T1 This case arises out of a decision by two minority shareholders of Utah Resources International, Inc. (URI) to dissent from the company's consummation of a share-consolidation transaction. Utah law provides that shareholders may dissent from certain corporate transactions and requires the corporation to pay the dissenting shareholders "fair value" for their shares. 1 But here URI and the dissenters disagreed on the "fair value" of the dissenters' shares, which led to URI instituting a fair value proceeding in the district court. That…