Ramsey Financial Corp. v. Haugland
North Dakota Supreme Court
1Opinion of the Court
KAPSNER, Justice.
[¶ 1] John C. Haugland, Ruth S. Haugland, Oscar Dammen, and Lenora Dam-men appealed from a summary judgment ordering them to tender their shares of preferred stock in The Ramsey Financial Corporation (“Ramsey”) to Ramsey for $134.25 per share and dismissing their counterclaims against Ramsey. We dismiss the Dammens’ appeal because it is moot, and we affirm the judgment against the Hauglands because they failed to follow the procedures for asserting dissenting shareholder rights under the Business Corporation Act, N.D.C.C. ch. 10-19.1.
I
[¶ 2] Incorporated in August 1981, Ramsey…
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