BLITCH v. PEOPLES BANK

No. A00A1024.

540 S.E.2d 667 (2000)

246 Ga. App. 453

BLITCH v. PEOPLES BANK.

Court of Appeals of Georgia.

October 23, 2000.


Attorney(s) appearing for the Case

Kidd & Vaughan, Atlanta, James D. Blitch, Brinson, Askew, Berry, Seigler, Richardson & Davis, C. King Askew, Rome, for appellant.

Kilpatrick Stockton, Stephen E. Hudson, Jordana R. Sternberg, Atlanta, for appellee.


JOHNSON, Chief Judge.

Under Georgia's dissenters' rights statute, which is modeled after the Revised Model Business Corporations Act, shareholders in a corporation may dissent from certain corporate actions and be paid the fair value of their shares.1 Although Georgia's statute does not expressly indicate whether a court may discount the fair value of shares because the shareholder is in the minority or because there is no public market...

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