U.S. BANK N.A. v. COLD SPRING GRANITE CO.

No. A10-252.

788 N.W.2d 160 (2010)

U.S. BANK N.A., et al., Appellants, v. COLD SPRING GRANITE COMPANY, et al., Respondents, Patrick D. Alexander, Respondent.

Court of Appeals of Minnesota.

September 14, 2010.


Attorney(s) appearing for the Case

Peter J. Gleekel , Craig S. Krummen , Winthrop & Weinstine, P.A., Minneapolis, MN, for appellants.

William Z. Pentelovitch , Wayne S. Moskowitz , Martin S. Fallon , Maslon Edelman Borman & Brand, LLP, Minneapolis, MN, for respondents Cold Spring Granite Company, et al.

Joseph W. Anthony , Cheryl A. Stanton , Anthony Ostlund Baer & Louwagie, P.A., Minneapolis, MN, for respondent Patrick D. Alexander.

Considered and decided by STAUBER, Presiding Judge; LANSING, Judge; and WORKE, Judge.


OPINION

WORKE, Judge.

Following a reverse stock split and redemption of appellants' resulting fractional shares of respondent-corporation, appellants asserted this action in district court, seeking judicial valuation of their interest. The district court determined that appellants had no right to a judicial valuation under the Minnesota Business Corporations Act and, accordingly, entered judgment in favor of respondents. We affirm.

FACTS

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