If Sean, a shareholder, dissents to a corporate merger, his appraisal remedies will be:
A)fair value of his shares as of the day the corporation agrees to purchase the shares.
B)fair value of the shares as of the time immediately before the action to which he objects is taken.
C)average purchase price for the shares during the preceding 30 days.
D)None of these.

Question

Quizplus · Accepted Answer

The fair value of the shares is determined as of the time immediately before the corporate action to which the shareholder objects, such as a merger, is taken.

If Sean, a Shareholder, Dissents to a Corporate Merger, His