Discounts Not Applicable in Georgia Fair Value Determination

Business Valuation Update BVLaw
Legal and Court Case Update
October 23, 2000

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6712 Offices of Bank Holding Companies
551111 Offices of Bank Holding Companies
shareholder dissent/oppression
fair value, holding company
Blitch v. The Peoples Bank
540 S.E.2d 667, 2000 Ga. App. LEXIS 1265
US
State Court
Georgia
Court of Appeals
Johnson

Summary

Minority shareholder J. Dan Blitch III owned 763.5 shares of The Peoples Bank (Bank), which composed 5.5% of the outstanding stock of the corporation.

See Also

Blitch v. The Peoples Bank

Full Text of Court Cases
October 23, 2000

At issue is whether minority and marketability discounts are applicable in determining the fair value of dissenters' shares under the Georgia statute.