Asked by Kevin Oxrider on Jul 29, 2024
Verified
Appraisal rights cannot be lost even if the statutory procedures are not followed precisely.
Appraisal Rights
Legal rights that allow shareholders to have their shares appraised and obtain payment of the fair value in certain transactions, such as mergers or consolidations.
Statutory Procedures
Legal processes and methods prescribed by statute that govern how rights, responsibilities, and obligations are to be executed and enforced.
- Ascertain the rights afforded to shareholders in the context of corporate amalgamations, inclusive of the right to evaluation.
Verified Answer
O?
Onurhan ??çiJul 30, 2024
Final Answer :
False
Explanation :
Appraisal rights can be lost if the shareholder does not follow the statutory procedures precisely, as these rights are contingent upon compliance with specific legal requirements.
Learning Objectives
- Ascertain the rights afforded to shareholders in the context of corporate amalgamations, inclusive of the right to evaluation.
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