Kirtz v. Grossman
Missouri Court of Appeals
1Opinion of the Court
CLEMONS, Commissioner.
The ultimate issue here is whether a majority stockholder can dissolve a corporation by paying a minority stockholder the book value of his stock when the fair value of corporate assets exceeds the book value.
This suit attacks the planned dissolution of defendant Diatemp, Incorporated, a Missouri corporation. Plaintiffs Frank G. and Mary Jane Kirtz owned 2.28 per cent of Diatemp stock and defendant Essex International, Incorporated, (Essex) owned 97.72 per cent. The four individual defendants are officers and directors of Diatemp. Essex had recently acquired its Diatemp…
Also in this document: Per curiam.
2Cases cited10 opinions
- Pepper v. LittonSupreme Court of the United States · 1939
- Flarsheim v. Twenty Five Thirty Two Broadway Corp.Supreme Court of Missouri · 1968
- Anison v. RiceSupreme Court of Missouri · 1955
- Sandler v. SchmidtSupreme Court of Missouri · 1953
- Doe Run Lead Co. v. MaynardSupreme Court of Missouri · 1920
5 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Masinter v. Webco Co.West Virginia Supreme Court · 1980
- Bayne v. JenkinsSupreme Court of Missouri · 1980
- Peterson v. Continental Boiler Works, Inc.Supreme Court of Missouri · 1990
- Fix v. Fix Material Co., Inc.Missouri Court of Appeals · 1976
- U.S. Bank N. A. v. Cold Spring Granite Co.Supreme Court of Minnesota · 2011
11 more not listed; retrieve them via the Exa API.