Kentucky Article 13 - Dissenters' Rights
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How to fill out Article 13 - Dissenters' Rights?
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Dissenting Shareholder: For the purposes of Module TMA, dissenting shareholder means any shareholder and convertible securities holder, who has not accepted a take-over offer and any shareholder who has failed or refused to transfer shares to an acquirer in ance with a take-over offer.
Dissenters' rights allow the shareholders of a corporation to obtain cash payment for their shares in case they do not agree or consent to any major corporate transaction. Dissenters' rights cannot be exercised on the shares trading on a national exchange.
Also referred to as dissent rights (or dissent and appraisal rights). A statutory right available to voting shareholders to object to certain fundamental changes taken by a corporation.
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: What They are, How They Work, In Practice investopedia.com ? terms ? dissenters-rights investopedia.com ? terms ? dissenters-rights
Dissent rights allow shareholders to object to certain fundamental changes in a corporation and to require the corporation to re-purchase their shares at fair value.
