If a Shareholder Dissents to a Proposed Business Combination,he Is

question 63

Multiple Choice

If a shareholder dissents to a proposed business combination,he is entitled to receive the fair value of his shares.In order to do so,the shareholder must do which of the following?

• A) Attack the validity of the corporate action that gives rise to his right to obtain payment or to have the action rescinded
• B) Obtain an appraisal of the value of the shares
• C) Oppose the proposed corporate action verbally at a special meeting of the stockholders
• D) Make a written demand upon the corporation within the set time period

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Definitions:

Political Appointees

Individuals who are selected for governmental positions based on their affiliation and loyalty to the political party in power, rather than through a merit-based or competitive process.

High-Level Officials

Senior government or organizational leaders with significant authority over policies and decision-making processes.

Head-Of-Government

The chief officer of the executive branch of a government, often a prime minister or a president, responsible for leading the country's administration and implementing laws.

Organizational Hierarchy

A structured arrangement of roles and responsibilities within an organization, creating a ranked system of authority.