47-1A-1434.3. Court determination of fair value of shares when parties unable to reach agreement.
69 words·~1 min read·
/sd/title-47/chapter-47-1/47-1a-1434-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the parties are unable to reach an agreement as provided for in § 47-1A-1434.2 , the court, upon application of any party, shall stay the proceedings under subdivision 47-1A-1430(2) and determine the fair value of the petitioner's shares as of the day before the date on which the petition under subdivision 47-1A-1430(2) was filed or as of such other date as the court deems appropriate under the circumstances.