If Sean, a Shareholder Who Dissents to a Corporate Action

question 50

Multiple Choice

If Sean, a shareholder who dissents to a corporate action, is entitled to appraisal remedies, they will be the:

• A) fair value of his shares as of the day the corporation agrees to purchase the shares.
• B) fair value of the shares immediately before the action to which he objects is taken.
• C) average purchase price for the shares during the preceding 30 days.
• D) par value of the shares as set forth in the articles of incorporation..

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Definitions:

Listen

The act of actively paying attention to sounds or spoken words to understand and obtain information.

Listening Process

The active engagement and mental processing involved in receiving, understanding, and responding to spoken messages.

Analyze

The process of examining components or data methodically to understand relations, causes, and effects, thus deriving insights.

Information Quality

concerns the accuracy, completeness, and reliability of data or information, ensuring it meets users' needs.