362.750. Exceptions to appraisal, review, new appraisal, final judgment--stock to be surrendered. - Missouri Statutes

Exceptions to appraisal, review, new appraisal, final judgment--stockto be surrendered.

362.750. Within twenty days after the filing of the appraisal,exceptions in writing may be filed thereto by any party interested. Ifexceptions are so filed the court shall review the appraisal and may order,on good cause shown, a new appraisal by other appraisers, or the court mayhear evidence touching matters in controversy and take an accounting toascertain and determine the value of the shares and may make the order thatjustice, equity and right require. If no exceptions are filed to thereport of the appraisers, the court shall enter final judgment approvingthe report. If any of the orders herein provided for are made in vacation,the vacation orders shall be considered and confirmed by the court. In itsjudgment the court shall ascertain and determine the value of the shares ofstock of the merging bank, banks, trust company or trust companies, of theconsolidating banks or trust companies, or of the bank or trust company ina reverse stock split at the time of the merger, consolidation or reversestock split. When the receiving bank or trust company under the merger,the consolidated bank or trust company under the consolidation or the bankor trust company in a reverse stock split has paid the value of the stockas determined by the court, the stock shall be surrendered and thestockholder shall cease to have any interest in the stock or in thecorporate property of the corporation and the corporation shall not holdsuch stock as treasury stock.

(L. 1967 p. 445, A.L. 2000 S.B. 896)

(Source: RSMo Supp. 1965 § 363.910)