Washington Article 13 - Dissenters' Rights
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How to fill out Article 13 - Dissenters' Rights?
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FAQ
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 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.
When a company acquires shares or gets assent from not less than 90% of shareholders of the transferor company, then the transferee company has right to acquire the balance 10% shares from the shareholders those who dissent from the acquisition offer made by the transferee company.
Key Takeaways 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.
