MEE Corporations Flashcards
1
Q
Fundamental Corporate Changes
A
Actions such as Amending Articles, Merging, Dissolution, and Selling all Assets are viewed as a fundamental corporate change.
These changes require board action in which notice to shareholder must be given and they must vote.
2
Q
Appraisal Remedy
A
To use this remedy shareholders must: 1. file an objection to the transfer before or at the shareholder’s meeting at which the vote is taken; 2. not vote in favor of the plan; and 3. send the corporation a written demand for the fair value of their shares
