Ola holds 75 percent of the shares of Henrik Shipping Co.Anatoly holds 25 percent.The board has called a shareholders' meeting to consider a proposal to amalgamate Henrik with Norwegian Shipping Inc.Ola is in favour of the transaction.Anatoly is opposed.Which of the following best describes Anatoly's legal position?

Question

Quizplus · Accepted Answer

As a shareholder with voting rights, Anatoly is entitled to vote against the transaction and dissent from the decision. If the transaction is approved, Anatoly can require the corporation to buy his shares for fair value. This is known as the right of appraisal. Minority shareholders have certain rights to protect their interests under corporate law, and the right of appraisal is one such right. Therefore, option E is the correct answer. Options A, B, C, and D are incorrect because they do not accurately reflect Anatoly's legal position.

Ola Holds 75 Percent of the Shares of Henrik Shipping