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ACREE v. E.I.F.C., INC.

502 S.W.2d 43 (1973)

Mrs. J.C. ACREE et al., Appellants, v. E.I.F.C., INC., Appellee. Mary E. and Lynn NEAL, Appellants, v. E.I.F.C., INC., Appellee. Wilber D. JOHNSON and Ruby L. Johnson, Appellants, v. E.I.F.C., INC., Appellee. C.E. ATNIP and Earlene Atnip, Appellants, v. E.I.F.C., INC., Appellee.

Court of Appeals of Kentucky.

November 23, 1973.

Attorney(s) appearing for the Case

John B. Blackburn, Paducah, for appellants.

John Darnell, Max M. Smith, Frankfort, for appellee.

CULLEN, Commissioner.

We have four consolidated appeals involving claims by stockholders of E.I.F.C., Inc. (formerly known as Educators Investment Finance Corporation), against the corporation, for payment of the fair market value of their shares as of the time a merger was effected with T.S.I., Inc. The stockholders claimed to be "objecting shareholders" within the meaning of KRS 271.490, as to the merger, and therefore entitled to payment for their shares. The circuit...

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