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New Jersey Statutes, Title: 14A, CORPORATIONS, GENERAL
Chapter 11: Right of shareholders to dissent.
Section: 14A:11-9: Judgment in action to determine fair value
(1) A judgment for the payment of the fair value of shares shall be payable upon surrender to the corporation of the certificate or certificates representing such shares.
(2) The judgment shall include an allowance for interest at such rate as the court finds to be equitable, from the date of the dissenting shareholder's demand for payment under subsections 14A:11-2(3), 14A:11-2(4) or 14A:11-2(5) to the day of payment. If the court finds that the refusal of any dissenting shareholder to accept any offer of payment, made by the corporation under section 14A:11-6, was arbitrary, vexatious or otherwise not in good faith, no interest shall be allowed to him.
L.1968, c.350.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 14a:11-9 (if available):
Court decisions that cite this statute:
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