A corporation must notify shareholders of the existence of their appraisal rights before a transaction can be voted on.

Question

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According to corporate law, a corporation must provide notice of appraisal rights to its shareholders before a transaction can be voted on. This notice must be provided in a timely manner and must contain information about the terms and conditions of the appraisal process. Failure to provide notice can result in legal action being taken against the corporation.

A Corporation Must Notify Shareholders of the Existence of Their