Federal Act Governs Appraisal Rights in Bank Mergers

Business Valuation UpdateVol. 10 No. 8
Legal and Court Case Update
August 2004

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6022 State Commercial Banks
522110 Commercial Banking
shareholder dissent/oppression
dissenting shareholder
Community Bank of Arizona v. G.V.M. Trust
2004 U.S. App. LEXIS 8974
May 7, 2004
US
Federal Court
9th Circuit
United States Court of Appeals
Richard A. Segal
Graber

Summary

The issue in this case was whether the National Bank Consolidation and Merger Act (or the state’s general corporate appraisal rights statutes) governs the appraisal rights of dissenting shareholders in a bank merger.

See Also

Community Bank of Arizona v. G.V.M. Trust

Full Text of Court Cases
May 7, 2004

Lack of Arizona statute regarding appraisal of dissenter's shares in cases of bank mergers requires the interpretation of the case under federal code.