Chapman v. United Insurance Co. of America
Appellate Court of Illinois
1Opinion of the Court
PRESIDING JUSTICE GREIMAN
delivered the opinion of the court:
United Insurance Company of America (United) has appealed a nonfinal order of the circuit court of Cook County which provided that the appellees, certain shareholders of United (shareholders), could proceed with an action for the appraisal of their United shares following a merger of that company with Teledyne, Incorporated.
Section 167(1) of the Illinois Insurance Code (Ill. Rev. Stat. 1989, ch. 73, par. 779(1)) establishes the process for evaluation of the shares of dissenting shareholders in a merger or consolidation or plan of…
2Cases cited10 opinions
- O'CONNELL v. St. Francis HospitalIllinois Supreme Court · 1986
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- Catlett v. NovakIllinois Supreme Court · 1987
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