To obtain appraisal rights,a dissenting shareholder must deliver written notice of his or her intent to demand payment of his or her shares to the corporation before the vote is taken,and not vote his or her shares in favor of the proposed action.

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This statement is correct. In order to obtain appraisal rights, a dissenting shareholder must adhere to the requirements stated, including delivering written notice of intent to demand payment of shares before the vote and abstaining from voting in favor of the proposed action.

To Obtain Appraisal Rights,a Dissenting Shareholder Must Deliver Written Notice