Asked by Victoria Nguyen on Jul 09, 2024
Verified
An appraisal right is available only when a federal statute specifically provides for it.
Appraisal Right
The right of a dissenting shareholder, if he or she objects to an extraordinary transaction of the corporation (such as a merger or consolidation), to have his or her shares appraised and to be paid the fair value of the shares by the corporation.
Federal Statute
A law enacted by the national government that applies across the entire country.
- Determine the privileges of shareholders concerning corporate consolidations, encompassing appraisal rights.
Verified Answer
Learning Objectives
- Determine the privileges of shareholders concerning corporate consolidations, encompassing appraisal rights.
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