When Dissenting Shareholders Do Not Properly Invoke Their Appraisal Rights

question 85

Multiple Choice

When dissenting shareholders do not properly invoke their appraisal rights, will they be forced to comply with the majority of the corporations' shareholders?

• A) No, dissenting shareholders are never forced to comply with the decision of the majority of the corporations' shareholders.
• B) Yes, in such a situation, dissenting shareholders must comply with the decision of the majority of the corporations' shareholders.
• C) Yes, although the dissenting shareholders cannot exercise their appraisal rights if not properly invoked, a court will not force them to comply with the decision of the majority of the corporations' shareholders
• D) No, dissenting shareholders need not comply as long as they adequately communicate their appraisal rights.
• E) No, dissenting shareholders need not comply because the procedures governing appraisal rights need not be strictly followed.

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Definitions:

Olfactory Epithelium

The specialized tissue within the nasal cavity responsible for detecting odors via sensory cells.

Semicircular Canal

Part of the inner ear involved in maintaining balance and sensing head rotation.

Cochlea

A spiral-shaped, fluid-filled inner ear structure that is responsible for converting sound waves into nerve impulses to be sent to the brain.

Cochlear Implant

A medical device that bypasses damaged structures in the inner ear and directly stimulates auditory nerve fibers to provide a sense of sound to individuals who are profoundly deaf or severely hard-of-hearing.