Massachusetts General Laws

Mass. Gen. Laws ch. 156B, § 90 (2026)

Demand for determination of value; bill in equity; venue

✓ current as of July 2026

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Section 90. If during the period of thirty days provided for in section eighty-nine the corporation upon which such demand is made and any such objecting stockholder fail to agree as to the value of such stock, such corporation or any such stockholder may within four months after the expiration of such thirty-day period demand a determination of the value of the stock of all such objecting stockholders by a bill in equity filed in the superior court in the county where the corporation in which such objecting stockholder held stock had or has its principal office in the commonwealth.

Notes of Decisions

Cited in 4 cases, 1979–1992 · leading case: Piemonte v. New Boston Garden Corp., 387 N.E.2d 1145 (Mass. 1979).

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Piemonte v. New Boston Garden Corp., 387 N.E.2d 1145 (Mass. 1979). · cites it 2× “The plaintiffs commenced this action under G. L. c. 156B, § 90, seeking a judicial determination of the "fair value” of their shares "as of the day preceding the date of the vote approving the proposed corporate action.”

Sarrouf v. New England Patriots Football Club, Inc., 492 N.E.2d 1122 (Mass. 1986). “G. L. c. 156B, §§ 90, 92. See Piemonte v.”

Sullivan v. First Massachusetts Fin. Corp., 569 N.E.2d 814 (Mass. 1991). “By its action, believing that the price offered to the minority stockholders who voted against the reverse stock split was fair, Massbank sought an appraisal pursuant to G. L. c. 156B, § 90 (1988 ed.), of the value of the objecting stockholders’ shares.”

BNE Massachusetts Corp. v. Sims, 588 N.E.2d 14 (Mass. App. Ct. 1992). “Under G. L. c. 156B, § 90, either the corporation or the dissenting stockholders may bring the action to determine the value of stock of the dissenters.”

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