FETTIG v. HEINZ MFG. CO.

No. 969A165.

149 Ind. App. 70 (1971)

270 N.E.2d 335

FETTIG, ET AL. v. HEINZ MFG. CO., INC., ET AL.

Court of Appeals of Indiana.

Filed June 16, 1971.


Attorney(s) appearing for the Case

Alan H. Lobley, Ice Miller Donadio & Ryan, of counsel, of Indianapolis, for appellants.

David Peters, Jack R. Notestine, Peters & Peebles, of counsel, of Fort Wayne, for appellees.


WHITE, J.

The question before us in this appeal is whether the trial court erred in holding that appellants, minority shareholders of appellee corporation (Heinz), were not entitled to force the corporation to purchase their shares when the corporation sold substantially all its fixed assets. The trial court's holding is based on its finding that the sale was not for the purpose of changing the nature of the business.

"The Indiana General Corporation Act"...

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