APARTMENT PROPERTIES, INC. v. LULEY

No. 268A13, 569S97.

252 Ind. 201 (1968)

247 N.E.2d 71

APARTMENT PROPERTIES, INC. v. LULEY.

Supreme Court of Indiana.

Rehearing denied October 3, 1968.

Transfer granted May 2, 1969.


Attorney(s) appearing for the Case

C. Severin Buschmann, Donald A. Schabel, of Indianapolis, for appellant.

Johnson & Weaver, of Indianapolis, for appellee.


HUNTER, J.

The appellee, a shareholder in the Port Realty Corporation, brought this action pursuant to Section 37 of the Indiana General Corporation Act, Ind. Ann. Stat. § 25-236 (1968 Supp.), upon the merger of that corporation into the appellant, Apartment Properties, Inc. This statute permits a shareholder who dissents to a corporate merger to petition a trial court to appraise the value of his shares and provides that the surviving corporation must redeem...

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