If a Dissenting Shareholder Who Has Exercised His Appraisal Right

question 68

Multiple Choice

If a dissenting shareholder who has exercised his appraisal right is dissatisfied with the corporation's determination of the fair market value of the shares,then:

• A) The shareholder has no further recourse.
• B) The shareholder must choose to receive the appraisal amount or cancel the exercise of the appraisal right and accept the terms of the merger or other transaction.
• C) The shareholder must pay for a new appraisal of the shares and seek that amount in court.
• D) The corporation must petition the court to determine the fair value of the shares.

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Definitions:

Segregation

The mandatory division of various ethnic groups within a nation, community, or institution.

Jim Crow

Laws and practices in the United States that enforced racial segregation and discrimination against African Americans from the late 19th century into the 1960s.

Thurgood Marshall

The first African American Justice of the U.S. Supreme Court, serving from 1967 to 1991, known for his advocacy for civil rights and his victory in Brown v. Board of Education.

Charles Hamilton Houston

A prominent African American lawyer who played a significant role in dismantling Jim Crow laws and mentoring future leaders like Thurgood Marshall.