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A Shareholder Who Opposes a Fundamental Change to the Corporation

question 23

True/False

A shareholder who opposes a fundamental change to the corporation may make a written or oral demand within the prescribed time period in order to be entitled to payment for his shares.


Definitions:

Amend

To make changes or modifications to legal documents, laws, or constitutions, often to improve or update them.

U.S. Constitution

The supreme law of the United States, establishing the framework of national government and fundamental principles and rights.

Local Governments

The administration of towns, cities, counties, and districts that provide services to their residents.

Dissolve

The process of formally ending an organization, institution, or partnership, making it no longer legally existent.

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