Utah Looks to Other States' Precedents in Dissent Case of First Impression

Business Valuation UpdateVol. 3 No. 6
Legal and Court Case Update
June 1997
1311 Crude Petroleum and Natural Gas
211120 Crude Petroleum Extraction 
dissenting shareholder
fair value, dissenting shareholder, investment value

Oakridge Energy v. Clifton
937 P.2d 130, 315 Utah Adv. Rep. 10, 1997 Utah LEXIS 40
April 18, 1997
US
State Court
Utah
Supreme Court
Aaron Cowley (for Oakridge)
Howe

Summary

This is the case of first impression under Utah's dissenting stockholder statute, Utah Code Ann. s 16-10a-1302 (1995), conferring on dissenting stockholders the right to receive "fair value."

See Also

Oakridge Energy v. Clifton

Shareholders dissenting from a sale of corporate assets appeal from the trial court's judgment that, for purposes of the statute giving them a right to appraisal and payment, the "fair market value" of their shares equals the stock market price.