Iowa Resolves Clash Between FV and FMV in Banking Appraisal Statutes

Business Valuation UpdateVol. 17 No. 5
Legal and Court Case Update
May 2011
dissenting shareholder

Rolfe State Bank v. Gunderson
2011 WL 480685 (Iowa)
February 11, 2011
US
State Court
Iowa
Supreme Court
Appel

Summary

Iowa Supreme Court resolves apparent clash between statutory “fair value” standard in business code with provision in banking code that applies FMV standard to appraisal of minority shares in a bank holding company subject to a merger.

See Also

Rolfe State Bank v. Gunderson

Iowa Supreme Court resolves apparent clash between statutory “fair value” standard in business code with provision in banking code that applies FMV standard to appraisal of minority shares in a bank holding company subject to a merger.