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HERNANDO BANK v. HUFF

No. DC83-49-NB-O.

609 F.Supp. 1124 (1985)

The HERNANDO BANK and Gateway Capital Corporation, Plaintiffs, v. Sharon Smith HUFF, William B. Kountz, Jr., Robert A. Kountz, Diane Smith McDowell, and Mrs. Willie W. Kountz, Defendants.

United States District Court, N.D. Mississippi, Delta Division.

May 13, 1985.

Attorney(s) appearing for the Case

Charles M. Merkel, Clarksdale, Miss., William W. Ballard, Hernando, Miss., for plaintiffs.

John W. Dulaney, Tunica, Miss., for defendants.

MEMORANDUM OPINION

BIGGERS, District Judge.

This diversity case involves valuation of the stock of several shareholders who dissented to the change of corporate form by plaintiff Hernando Bank, a banking corporation, to a banking corporation owned by a one-bank holding company, plaintiff Gateway Capitol Corporation. In a vote taken on September 9, 1982, a sufficient number of shareholders in the Hernando Bank approved the change in corporate form; thus,...

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