Termination of Corporate Status

Question 1

What are a dissenters rights?

Answer 1

Shareholder entitled to have their shares purchased fro them by the corporation at fair value determined by court.

To invoke rights:

• The shareholder must send written notice to the corporation prior to the vote of her intent to dissent;
• At the meeting the shareholder must abstain or or vote no at the meeting; AND
• The shareholder must make prompt written demand for fair market value after the action has been approved.