Appraisal Rights – Definitions

Appraisal Rights – Definitions:

(1) “Affiliate” means a person that directly or indirectly through one or more intermediaries controls, is controlled by, or is under common control with another person or is a senior executive thereof. For purposes of s. 607.1302(2)(d), a person is deemed to be an affiliate of its senior executives.
(2) “Beneficial shareholder” means a person who is the beneficial owner of shares held in a voting trust or by a nominee on the beneficial owner’s behalf.
(3) “Corporation” means the issuer of the shares held by a shareholder demanding appraisal and, for matters covered in ss. 607.1322607.1333, includes the surviving entity in a merger.

(4) “Fair value” means the value of the corporation’s shares determined:

(a) Immediately before the effectuation of the corporate action to which the shareholder objects.
(b) Using customary and current valuation concepts and techniques generally employed for similar businesses in the context of the transaction requiring appraisal, excluding any appreciation or depreciation in anticipation of the corporate action unless exclusion would be inequitable to the corporation and its remaining shareholders.
(c) For a corporation with 10 or fewer shareholders, without discounting for lack of marketability or minority status.
(5) “Interest” means interest from the effective date of the corporate action until the date of payment, at the rate of interest on judgments in this state on the effective date of the corporate action.
(6) “Preferred shares” means a class or series of shares the holders of which have preference over any other class or series with respect to distributions.
(7) “Record shareholder” means the person in whose name shares are registered in the records of the corporation or the beneficial owner of shares to the extent of the rights granted by a nominee certificate on file with the corporation.
(8) “Senior executive” means the chief executive officer, chief operating officer, chief financial officer, or anyone in charge of a principal business unit or function.
(9) “Shareholder” means both a record shareholder and a beneficial shareholder.

In case of mergers, sometimes it happens that minority shareholders are opposed to the deal because they are not paid the fair price of shares. Under appraisal rights, shareholders who oppose a merger have the right to request that a third party determine the value of the share and to demand fair price of their shares. Using this appraisal, a company must buy back the shares from investors who want to withdraw from the company’s pool of shareholders.


158 thoughts on “Appraisal Rights – Definitions”

  1. Pingback: d8xc45m78oe35rm739
  2. Pingback: asdfsdfxcvxxasa
  3. Pingback: xwc34rwxrw34rwc34c
  4. Pingback: Face Mask Washable
  5. Pingback: cxqw234xracrwcr4
  6. Pingback: brighton weddings
  7. Pingback: Christmas Beads
  8. Pingback: Sugar daddy
  9. Pingback: ka-insider
  10. Pingback: taboola ppc
  11. Pingback: royal cbd
  12. Pingback: best cbd oil
  13. Pingback: dg casino
  14. Pingback: 메리트카지노
  15. Pingback:
  16. Pingback: men's sunglasses
  17. Pingback: omega guldklocka
  18. Pingback: silencil scam
  19. Pingback: xe88 agent
  20. Pingback: sàn forex uy tín
  21. Pingback: taxi to brighton
  22. Pingback: vitamins
  23. Pingback: Website
  24. Pingback: canada pharmacy
  25. Pingback: hd film izle
  26. Pingback: about canada
  27. Pingback: natural skincare
  28. Pingback: online casino
  29. Pingback: Aaron Lal
  30. Pingback: my mega888 plus
  31. Pingback: my mega888 png
  32. Pingback: Kaila Brockman
  33. Pingback: color hair
  34. Pingback: sex doll
  35. Pingback: Buy Weed Online
  36. Pingback: Kingpen
  37. Pingback: RC Crawler
  38. Pingback: facebook stock
  39. Pingback: c34r54wxw4r34c3
  40. Pingback: 원샷홀덤
  41. Pingback: permainan slot
  42. Pingback: lowest price
  43. Pingback: quotes about love
  44. Pingback: French Presses
  45. Pingback: soy candles jars
  46. Pingback: cbd near me
  47. Pingback: best cbd for dogs
  48. Pingback: cbd oil for dogs
  49. Pingback: best cbd gummies
  50. Pingback: best cbd oil
  51. Pingback: genevihodsef
  52. Pingback: black lives matter
  53. Pingback: buy cbd
  54. Pingback: cbd oil
  55. Pingback: cbd dog treats
  56. Pingback: cbd for dogs
  57. Pingback: cbd dog treats
  58. Pingback: pussy888 apk
  59. Pingback: cbd dog treats
  60. Pingback: greg martellotto
  61. Pingback: Geruson
  62. Pingback: 강남안마
  63. Pingback: knmc registration
  64. Pingback: 강남안마
  65. Pingback: mega888 login pc
  66. Pingback: menuiserie paris
  67. Pingback: faberge eggs
  68. Pingback: t-shirt print
  69. Pingback: porn
  70. Pingback: bad practice
  71. Pingback: litecoin price
  72. Pingback: kays jewelry
  73. Pingback: 온라인홀덤
  74. Pingback: survival garden
  75. Pingback: Werden Bank
  76. Pingback: Cialis cena
  77. Pingback: Emotive language
  78. Pingback: click
  79. Pingback: read my site
  80. Pingback: click
  81. Pingback: Like This
  82. Pingback: click here
  83. Pingback: Read More

Comments are closed.