Which of the following is a prerequisite for requesting appraisal rights?
A) Make a verbal demand
B) Meet the statutory time limit
C) Get an independent appraisal of the stock's value
D) None of these.

Question

Quizplus · Accepted Answer

Meeting the statutory time limit is a prerequisite for requesting appraisal rights. This time limit varies depending on the jurisdiction and the type of transaction but must generally be met in order to exercise appraisal rights. Making a verbal demand or getting an independent appraisal may be steps taken in the process of requesting appraisal rights but are not prerequisites.

Which of the Following Is a Prerequisite for Requesting Appraisal