Indiana Statutes

§ 23-1-44-3 — "Fair value"

Indiana § 23-1-44-3
JurisdictionIndiana
Title 23BUSINESS AND OTHER ASSOCIATIONS
Art. 1INDIANA BUSINESS CORPORATION LAW
Ch. 44Dissenters' Rights

This text of Indiana § 23-1-44-3 ("Fair value") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ind. Code § 23-1-44-3 (2026).

Text

As used in this chapter, "fair value", with respect to a dissenter's shares, means the value of the shares immediately before the effectuation of the corporate action to which the dissenter objects, excluding any appreciation or depreciation in anticipation of the corporate action unless exclusion would be inequitable.

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Related

Fleming v. International Pizza Supply Corp.
676 N.E.2d 1051 (Indiana Supreme Court, 1997)
28 case citations
Lees Inns of America, Inc. v. William R. Lee Irrevocable Trust
924 N.E.2d 143 (Indiana Court of Appeals, 2010)
10 case citations
Galligan v. Galligan
741 N.E.2d 1217 (Indiana Supreme Court, 2001)
9 case citations
Young v. General Acceptance Corp.
738 N.E.2d 1079 (Indiana Court of Appeals, 2000)
7 case citations
William R. Lee Irrevocable Trust v. Lee (In Re Lee)
898 F.3d 768 (Seventh Circuit, 2018)

Legislative History

As added by P.L.149-1986, SEC.28.

Nearby Sections

15
§ 23-0.5-1-1
Short title
§ 23-0.5-1-2
Application
§ 23-0.5-1-4
Delivery of record
§ 23-0.5-1.5-10
"Filed record"
§ 23-0.5-1.5-11
"Filing entity"
§ 23-0.5-1.5-12
"Foreign"
§ 23-0.5-1.5-13
"General partnership"
§ 23-0.5-1.5-14
"Governance interest"
§ 23-0.5-1.5-15
"Governing person"
§ 23-0.5-1.5-16
"Interest"
§ 23-0.5-1.5-17
"Interest holder"
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Bluebook (online)
Indiana § 23-1-44-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/23-1-44-3.