Opinion ID: 6352820
Heading Depth: 4
Heading Rank: 1

Heading: The purchase price of any shares so sold shall

Text: be their fair value as of the date of the commencement of the action or such earlier or later date deemed equitable by the court, plus or minus any adjustments deemed equitable by the court if the action was brought in whole or in part under paragraph 14A:12-7(1)(c). [(emphases added).] As we stated in Balsamides, the buyout section not only “recognize[d] that the most sensible remedy to resolve problems of deadlock, dissension, or oppression often will be to ‘effect a corporate divorce,’” but it also considered that “a purchase and sale of shares at a fair price may be more desirable to all 25 parties than a dissolution.” 160 N.J. at 372 (quoting 2 John R. MacKay II, New Jersey Business Corporations, § 14-6(d)(2)(a) (2d ed. 1996)).