Does Dissenter's Rights Suit Negate Buy-Sell Floor Price?

Business Valuation UpdateVol. 3 No. 9
Legal and Court Case Update
September 1997
7371 Computer Programming Services
541511 Custom Computer Programming Services
buy/sell agreement
fair value

Croxton v. MSC Holding
227 Ga. App. 179, 489 S.E.2d 77, 1997 Ga. App. LEXIS 865
July 9, 1997
State Court
Court of Appeals


The issue in this case is whether shareholder, Croxton, waived his right to receive an individual, independent contractual amount for his shares in Magnus Software Corp. (MSC) when he demanded fair value for his stock under Georgia's dissenter's rights statutes.

See Also

Croxton v. MSC Holding

At issue is whether a shareholder who has an individual, independent contract requiring him to sell, and the corporation to buy, his shares at a certain time for a minimum price is in all cases limited to the statutory appraisal.