A sample petition for a New York corporation to use to commence an appraisal proceeding (also known as a fair value proceeding or valuation proceeding) in New York state supreme court to obtain a judgment from the court rejecting a shareholder's appraisal rights (also known as dissenters' rights) or, if the shareholder appropriately dissented from an extraordinary corporate action, fixing the fair value of the dissenting shares for a buyout of those shares by the corporation. This Standard Document contains integrated drafting notes with important explanations and tips for drafting the petition's caption, venue and parties sections, statement of facts, causes of action, prayer for relief, and signature block.