Nebraska Article 13 - Dissenters' Rights

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This is a form which discusses Dissenters' Rights, to be used across the United States. These are the appraisal rights provisions of a Business Corporation Act, Article 13.
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FAQ

"Tolling" refers to when the clock on statutes of limitations begins ticking. However, because of the "discovery rule," the time when tolling begins can shift. Under the discovery rule, the clock begins tolling at the point the injury is discovered.

(1) Any person who shall intentionally disturb the peace and quiet of any person, family, or neighborhood commits the offense of disturbing the peace. (2) Disturbing the peace is a Class III misdemeanor.

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 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.

If the necessary majority of the corporation's shareholders approve a merger or consolidation, it will go forward, and the shareholders will be compensated. However no shareholder who votes against the transaction is required to accept shares in the surviving or successor corporation.

Statute. Nebraska recognizes a statutory cause of action for invasion of privacy for the exploitation of a person's ?name, picture, portrait, or personality for advertising or commercial purposes.?

Mergers are transactions involving the combination of generally two or more companies into a single entity. The need for shareholder approval of a merger is governed by state law. Typically, a merger must be approved by the holders of a majority of the outstanding shares of the target company.

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.

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Nebraska Article 13 - Dissenters' Rights