Oregon Article 13 — Dissenters' Rights provides individuals with the ability to dissent from certain corporate actions and receive fair compensation for their shares. This legal provision safeguards shareholders' interests and enables them to protect their investments when they disagree with specific actions taken by a corporation. Under Oregon Article 13 — Dissenters' Rights, shareholders have the right to object to major corporate transactions, such as mergers, consolidations, sales of assets, or amendments to the corporation's articles of incorporation. By invoking dissenters' rights, shareholders can express their disagreement with the proposed action and potentially receive financial compensation reflecting the fair value of their shares. There are two primary types of dissenters' rights recognized under Oregon Article 13. The first type pertains to appraisal rights, where a shareholder can dissent from a corporate action and demand payment for their shares based on a fair appraisal value. This allows shareholders to exit from a potentially unfavorable transaction and receive a fair return on their investment. The second type of dissenters' rights allows shareholders to object to a proposed action and maintain their ownership in the corporation. This means that instead of cashing out their shares, dissenting shareholders can retain their equity stake while dissenting from the corporate decision. This type of dissenters' rights is particularly beneficial for shareholders who have faith in the corporation's long-term prospects, despite their objection to a specific action. To exercise their dissenters' rights, shareholders must follow certain procedures outlined in Oregon Article 13. This typically involves providing written notice to the corporation within a specified timeframe, detailing the objection and the desired remedy. Shareholders may also be required to formally demand payment for their shares or take other necessary steps to ensure their rights are properly exercised. Overall, Oregon Article 13 — Dissenters' Rights is a crucial legal provision that protects shareholders' interests and provides them with options when they disagree with significant corporate actions. By recognizing and upholding these rights, Oregon fosters a fair and transparent corporate environment that values the opinions and concerns of shareholders.
Oregon Article 13 - Dissenters' Rights
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Section 94 of the Act gives minority shareholders the right to inspect certain company records, such as the Memorandum of Association (MOA), Articles of Association (AOA), financial statements, and annual returns, during business hours.
Minority shareholders who exercise their appraisal rights are entitled to a court-supervised valuation of their shares, after which the company must buy their shares at that value.
Dissenters' rights are guaranteed under state corporate law. When a dissenting shareholder disagrees with a firm's actions, they can exercise appraisal rights; appraising their shares, and being paid the fair market value for them. Dissenters' rights provide an easy way out of a company for a shareholder.
Dissenters' rights are guaranteed under state corporate law. When a dissenting shareholder disagrees with a firm's actions, they can exercise appraisal rights; appraising their shares, and being paid the fair market value for them. Dissenters' rights provide an easy way out of a company for a shareholder.
In essence, appraisal rights allow a dissenting shareholder, in certain statutorily prescribed circumstances, to force the company to buy back its shares at a fair market value.
The Act grants consumers the right to know, access, transfer, correct and delete their personal data. The Act also provides Oregon residents with the right to opt-out of the sale of their personal data, targeted advertising and profiling that produces certain effects.
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.
Full Faith and Credit ensures that when a state issues a license, court order, judgment, or other decree it is honored in every other state.