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SIFFERLE v. MICOM CORP.

No. C1-85-2147.

384 N.W.2d 503 (1986)

James L. SIFFERLE, Appellant, v. MICOM CORPORATION, Micom Holding Company and Edwin E. Walhof, Respondents.

Court of Appeals of Minnesota.

Review Denied June 13, 1986.

Attorney(s) appearing for the Case

James L. Sifferle, pro se.

Mark E. DuVal, Larkin, Hoffman, Daly & Lindgren, Ltd., Minneapolis, for respondents.

Considered and decided by RANDALL, P.J., and PARKER and FOLEY, JJ., with oral argument waived.

OPINION

PARKER, Judge.

This appeal raises the question whether the Minnesota Business Corporation Act, Minn.Stat. §§ 302A.001-.917 (1984), permits a "freeze-out" merger which eliminates the minority shareholders for the purpose of taking private a previously public corporation. The trial court ruled that such a freeze-out merger was permissible and held that a minority shareholder's sole remedy, absent fraud, was an appraisal under Minn.Stat. ...

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