Opinion ID: 6326877
Heading Depth: 1
Heading Rank: 4

Heading: standard of review

Text: [1,2] A proceeding under the provisions of § 21-2,201 to determine the fair value of a petitioning shareholder’s shares of stock is equitable in nature. 1 An appellate court reviews an equitable action de novo on the record and reaches a conclusion independent of the factual findings of the trial court; 1 Anderson v. A & R Ag Spraying & Trucking, 306 Neb. 484, 946 N.W.2d 435 (2020). - 727 - Nebraska Supreme Court Advance Sheets 310 Nebraska Reports BOHAC v. BENES SERVICE CO. Cite as 310 Neb. 722 however, where credible evidence is in conflict on a material issue of fact, the appellate court considers and may give weight to the circumstance that the trial court heard and observed the witnesses and accepted one version of the facts rather than another. 2 [3] Statutory interpretation is a matter of law, in connection with which an appellate court has an obligation to reach an independent, correct conclusion irrespective of the determination made by the court below. 3 [4] In ordering the terms of payment under § 21-2,201(e), an appellate court will review for abuse of discretion. 4