Indiana Code 23-1-44-3. “Fair value”
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Indiana Code 23-1-44-3
- dissenter: means a shareholder who is entitled to dissent from corporate action under section 8 of this chapter and who exercises that right when and in the manner required by sections 10 through 18 of this chapter. See Indiana Code 23-1-44-2
Sec. 3. As used in this chapter, “fair value”, with respect to a dissenter‘s shares, means the value of the shares immediately before the effectuation of the corporate action to which the dissenter objects, excluding any appreciation or depreciation in anticipation of the corporate action unless exclusion would be inequitable.
As added by P.L.149-1986, SEC.28.