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

Question

Quizplus · Accepted Answer

Dissenting shareholders who do not properly invoke their appraisal rights lose the special protections those rights afford, and thus must comply with the decisions made by the majority of the corporation's shareholders.

When Dissenting Shareholders Do Not Properly Invoke Their Appraisal Rights