Delaware's Corporate Appraisal Statute and Fair Value Standard

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American Society of Appraisers Business Valuation Review™
Winter 2008 Volume 27, Issue 4 pp. 183-186
Bradley W. Voss, Esq.


Delaware's corporation law provides stockholders of Delaware corporations with the right to receive the judicially determined “fair value” of their shares in connection with certain corporate transactions. This article provides an overview of the Delaware appraisal statute and appraisal actions brought under it, as well as the standards generally employed by the Delaware Court of Chancery to determine fair value. It also summarizes the rules governing the allocation of fees and costs in an appraisal action, as well as the calculation of post-merger interest on the fair value award.
Delaware's Corporate Appraisal Statute and Fair Value Standard
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