CORPORATIONS-APPRAISAL STATUTES-WHAT CONSTITUTES A WRITTEN OBJECTION TO CORPORATE MERGER SCHEME

Plaintiff sent a letter to the president of a corporation, in which he held stock, revoking his proxy and stating that he would vote against a proposed merger with defendant corporation. Later, plaintiff demanded payment of the fair value of his shares pursuant to an appraisal statute which so permitted if a stockholder, dissatisfied with a merger plan," . . . objected thereto in writing . . . . " Held, the letter constituted a sufficient written objection for purposes of this statute. Wiswell v. General Waterworks Corporation, (Del.

Ch. 1949) 66 A. (2d) 424.