Meade v. Pacific Gamble Robinson Co.

Plaintiff, who owns 8,845 shares of stock in Pacific Fruit & Produce Company, brought this action under the provisions of § 61 of the Delaware corporation statute, § 2093, p. 480, Revised Code of Delaware 1935, for the appointment by the King county superior court of a third appraiser who, together with two others previously appointed by the respective parties to the action, should determine the value of plaintiff’s shares of stock. The provision reads as follows:

“Sec. 61. Consolidation or Merger; Payment for Stock of Dissatisfied Stockholder: — If any stockholder in any corporation of this…