The 1999 Amendments to the Revised Act eliminate the appraisal remedy for:

Question

Quizplus · Accepted Answer

The 1999 Amendments to the Revised Act eliminate the appraisal remedy for virtually all charter amendments, including those that abolish or alter any preferential or preemptive rights of the shares. Therefore, both choices A and B are incorrect. In general, the appraisal remedy is only available for certain limited circumstances, such as mergers and consolidations, and is not available for most charter amendments. Therefore, choice D is also incorrect. The correct answer is C.

The 1999 Amendments to the Revised Act Eliminate the Appraisal