A shareholder who dissents to a merger and is entitled to the appraisal remedy generally does not have the right to attack the validity of the corporate action.

Question

Quizplus · Accepted Answer

A shareholder who exercises their appraisal rights typically forfeits the ability to challenge the validity of the merger or other corporate action, focusing instead on receiving fair value for their shares.

A Shareholder Who Dissents to a Merger and Is Entitled