If Sherman,a shareholder,dissents to a corporate merger,his appraisal remedies will be:

Question

Quizplus · Accepted Answer

According to the appraisal remedy for dissenting shareholders, the fair value of their shares is determined as of the time immediately before the action to which they object is taken. Therefore, option B is the correct answer. Option A is not correct because the fair value is not determined as of the day the corporation agrees to purchase the shares. Option C is not correct because the average purchase price for the shares during the preceding 30 days may not reflect the fair value of the shares. Option D is not correct because there is an appraisal remedy available for dissenting shareholders.

If Sherman,a Shareholder,dissents to a Corporate Merger,his Appraisal Remedies Will