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CROXTON v. MSC HOLDING, INC.

No. A97A1168.

489 S.E.2d 77 (1997)

227 Ga. App. 179

CROXTON v. MSC HOLDING, INC.

Court of Appeals of Georgia.

July 9, 1997.

Attorney(s) appearing for the Case

Mackay, Daniel, King, Hudson & Bryce, David L.G. King, Jr., Decatur, Robert H. Hishon, Atlanta, for appellant.

Powell, Goldstein, Frazer & Murphy, Hilary Harp, John R. Bielema, Jr., Atlanta, for appellee.

BIRDSONG, Presiding Judge.

The question in this case is whether a shareholder who has an individual, independent contract requiring him to sell, and the corporation to buy, his shares at a certain time for a minimum price (in this case, $400,000) is in all cases nevertheless limited to the statutory appraisal remedy set forth by OCGA § 14-2-1302 for valuation of shares of dissenting shareholders under Grace Bros., Ltd. v. Farley Indus.,

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