In which situation might a shareholder exercise the right of dissent and appraisal?
A) where the directors have refused to declare dividends
B) where the directors are in a conflict of interest
C) where the shareholder dissents in a vote to amalgamate with another corporation
D) where a director has breached the duty of competence

Question

Quizplus · Accepted Answer

The right of dissent and appraisal typically allows a shareholder to demand payment for their shares at a fair value if they disagree with certain fundamental changes to the corporation, such as an amalgamation with another corporation. This right is exercised when a shareholder does not agree with a major decision that can significantly affect the value or structure of the corporation, such as an amalgamation.

In Which Situation Might a Shareholder Exercise the Right of Dissent