Legal Opinion
In Re Valuation of Common Stock of Libby, McNeill & Libby
Supreme Judicial Court of Maine
Decided August 16, 1979PublishedCited by 23 opinions
1Opinion of the Court
McKUSICK, Chief Justice.
For the first time since the enactment of the Maine Business Corporation Act, effective on January 1, 1972, the courts are in this case called upon to construe and apply the dissenting shareholder appraisal provisions of the Act, 13-A M.R.S.A. § 909 (1974).
In this proceeding, the Superior Court (Cumberland County) had the task of determining the “fair value” as of February 17, 1976, of the common stock of Libby, McNeill & Libby (hereafter “Libby”), a former Maine corporation, engaging primarily in production of canned foods. Libby, McNeill & Libby, Inc. (hereafter…
2Cases cited39 opinions
- Kimball Laundry Co. v. United StatesSupreme Court of the United States · 1949
- United States v. 564.54 Acres of Monroe and Pike County LandSupreme Court of the United States · 1979
- Tri-Continental Corporation v. BattyeSupreme Court of Delaware · 1950
- Northeast Investment Co. v. Leisure Living Communities, Inc.Supreme Judicial Court of Maine · 1976
- Borg v. International Silver Co.Court of Appeals for the Second Circuit · 1925
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3Cited by23 opinions
- Shawnee Telecom Resources, Inc. v. BrownKentucky Supreme Court · 2011
- Tirrell v. Navistar Intern., Inc.New Jersey Superior Court Appellate Division · 1991
- Armstrong v. Marathon Oil Co.Ohio Supreme Court · 1987
- In Re Valuation of Common Stock of McLoon Oil Co.Supreme Judicial Court of Maine · 1989
- Columbia Management Co. v. WyssCourt of Appeals of Oregon · 1988
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