If Elliot, a shareholder who dissents to a corporate action, is entitled to appraisal remedies, they will be the:
A) fair value of his shares as of the day the corporation agrees to purchase the shares.
B) fair value of the shares immediately before the action to which he objects is taken.
C) average purchase price for the shares during the preceding 30 days.
D) par value of the shares as set forth in the articles of incorporation..
Correct Answer:
Verified
Q49: The concept of a combination that makes
Q50: If a company owns 90 percent or
Q51: Appraisal rights:
A) belong to dissenting shareholders.
B) can
Q52: Liquidation of a corporation:
A) is carried out
Q53: Dissolution that is judicial may be brought
Q55: Generally, the secretary of state may commence
Q56: The combination of two or more corporations'
Q57: The Revised Act grants dissenters' rights:
A) to
Q58: A consolidation:
A) has precisely the same result
Q59: In order to lease substantially all of
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