New York Article 13 - Dissenters' Rights
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How to fill out Article 13 - Dissenters' Rights?
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FAQ
A dissent refers to at least one party's disagreement with the majority opinion. An appellate judge or Supreme Court Justice who writes an opinion opposing the holding is said to write a dissenting opinion.
Section 185 of the OBCA lists certain decisions, which allows an objecting shareholder to initiate a ?dissent process?. A dissent process allows an objecting shareholder, referred to as a 'dissenting shareholder', to exit the corporation and be paid the fair value of his or her shares.
A dissent process allows an objecting shareholder, referred to as a 'dissenting shareholder', to exit the corporation and be paid the fair value of his or her shares. The timelines and details regarding the dissent process are strict and technical.
Most simply put: dissenters' rights, or appraisal rights, are a legal entitlement of a shareholder to receive a court-determined fair value of her or his shares upon the occurrence of certain events that she or he does not support.
