Solved

Ev-R-Green Co

Question 25

Multiple Choice

Ev-R-Green Co. ,a private corporation,decides to sell substantially all of the company's assets.Under the Model Act and many state statutes,


A) the sole remedy for dissenting shareholders is to sell their stock on the stock exchange.
B) the board must first get unanimous shareholder approval for this fundamental change.
C) Ev-R-Green must buy back,at fair value,the stock of any shareholders who object to the decision.
D) the company may buy back,at fair value,the stock of any shareholders who object to the decision or the shareholders who object may receive the right of first refusal to purchase corporate assets.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents