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UTAH RESOURCES INTERN v. MARK TECHNOLOGIES

No. 20120427.

342 P.3d 761 (2014)

2014 UT 59

UTAH RESOURCES INTERNATIONAL, INC., a Utah Corporation, Petitioner, Appellant, and Cross-Appellee, v. MARK TECHNOLOGIES CORPORATION and Kenneth G. Hansen, Respondent, Appellees, and Cross-Appellants.

Supreme Court of Utah.

December 23, 2014.

Attorney(s) appearing for the Case

John H. Bogart , Salt Lake City, Craig M. White , Chicago, IL, for appellant.

Bruce J. Boehm , Salt Lake City, for appellees.

Chief Justice DURRANT authored the opinion of the Court, in which Associate Chief Justice NEHRING, Justice DURHAM, Justice PARRISH, and Justice LEE joined.

Introduction

¶ 1 This case arises out of a decision by two minority shareholders of Utah Resources International, Inc. (URI) to dissent from the company's consummation of a share-consolidation transaction. Utah law provides that shareholders may dissent from certain corporate transactions...

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