If a dissenting shareholder who has exercised his appraisal right is dissatisfied with the corporation's determination of the fair market value of the shares,then:

Question

Quizplus · Accepted Answer

If a dissenting shareholder is dissatisfied with the corporation's determination of the fair market value of the shares, the corporation must petition the court to determine the fair value of the shares. This is because the appraisal right is a statutory right, and if the parties cannot agree on the fair value of the shares, the court can settle the dispute. The other choices are incorrect because the shareholder does have further recourse, does not have to pay for a new appraisal, and cannot cancel the exercise of the appraisal right once it has been exercised.

If a Dissenting Shareholder Who Has Exercised His Appraisal Right