Article 13 - Dissenters' Rights
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FAQ
- The appraisal right may be exercised by any stockholder who shall have voted against the proposed corporate action, by making a written demand on the corporation within thirty (30) days after the date on which the vote was taken for payment of the fair value of his shares: Provided, That failure to make the demand
Section 164 of the Companies Act, containing the so-called appraisal rights remedy, affords a shareholder, in specific circumstances (mostly major corporate actions), the right to demand that the company buy back all shares held by that shareholder in the company and pay the shareholder the fair value of those
Shareholders who oppose a firm's management or management policy. For example, dissident shareholders of Hewlett-Packard opposed that firm's offer to purchase Compaq Computer.
Under Section 80 of the Revised Corporation Code, Appraisal Right refers to the right of any stockholder of a corporation to dissent and demand payment of the fair value of his or her shares in the corporation.
A dissenting shareholder is a shareholder in a corporation who does not consent to the acquisition of their corporation, a merger or recapitalization efforts which would be detrimental to the value of their position as a minority shareholder.We work to resolve disputes between minority and majority shareholders.
Under Section 80 of the Revised Corporation Code, Appraisal Right refers to the right of any stockholder of a corporation to dissent and demand payment of the fair value of his or her shares in the corporation.
What Are Dissenters' Rights? Under various forms of state legislation, dissenting shareholders of a corporation are entitled to receive a cash payment for the fair value of their shares, in the event of a share-for-share merger or acquisition (M&A) to which the shareholders do not consent.
Dissenters' rights ensure a shareholder that they can sell their shares at fair value in the event that a company takes a decision that they do not agree with. Dissenters' rights are guaranteed under state corporate law.Dissenters' rights provide an easy way out of a company for a shareholder.
In corporate law, appraisal remedy is the statutory right of corporate shareholders who dissent or oppose some extraordinary corporate action, for example a merger, to have their shares judicially appraised and to demand that the corporation buy back their shares at the appraised value.