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ALASKA PLASTICS, INC. v. COPPOCK

Nos. 4745, 4771.

621 P.2d 270 (1980)

ALASKA PLASTICS, INC., an Alaska Corporation, Ralph R. Stefano, C. Harold Gillam, and Robert L. Crow, Appellants and Cross-Appellees, v. Patricia M. COPPOCK, Appellee and Cross-Appellant.

Supreme Court of Alaska.

December 12, 1980.

Attorney(s) appearing for the Case

Mary A. Nordale, Fairbanks, for appellants and cross-appellees.

Olof K. Hellen, Hellen & Partnow, Anchorage, for appellee and cross-appellant.

Before RABINOWITZ, C.J., CONNOR, BURKE, and MATTHEWS, JJ., and DIMOND, Senior Justice.

OPINION

CONNOR, Justice.

The issue in this case involves the rights of a minority shareholder in a close corporation who allegedly has been deprived of benefits accorded other shareholders. The trial judge concluded that the corporation was obligated to buy the minority shareholder's stock at its fair value. We have concluded that this remedy is not available on the present record as a matter of law. Accordingly...

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