When Dissenting Shareholders Do Not Properly Invoke Their Appraisal Rights,will

question 48

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

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