Mississippi Supreme Court Upholds Rejection of Minority and Marketability Discounts

Business Valuation UpdateVol. 8 No. 1
Legal and Court Case Update
January 2002
6712 Offices of Bank Holding Companies
551111 Offices of Bank Holding Companies
dissenting shareholder
fair value, minority interest, holding company

Richton Bank & Trust Co. v. Bowen
798 So. 2d 1268, 2001 Miss. LEXIS 294
October 31, 2001
US
State Court
Mississippi
Supreme Court
David A. Harris, ASA, CFA (for the bank) <br> Richard A. Place, ASA (for the shareholders)
Diaz

Summary

This case came to the Mississippi Supreme Court on appeal from the Court of Chancery.

See Also

Richton Bank & Trust Co. v. Bowen

The issue was whether the chancellor erred in eliminating discounts for lack of marketability and minority status from his determination of fair value.