In some states,when merger or consolidation is at issue,the right to vote and receive dividends is denied to dissenting shareholders who exercise their appraisal rights.

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Dissenting shareholders who properly exercise their appraisal rights experience changes in their legal status as shareholders and in corresponding rights, depending on the jurisdiction. In some states, the law strips dissenting shareholders of their rights, including the right to vote and receive dividends.

In Some States,when Merger or Consolidation Is at Issue,the Right