Exercising and Litigating Appraisal Rights (FL) | Practical Law

Exercising and Litigating Appraisal Rights (FL) | Practical Law

A Practice Note discussing the process for shareholders of a Florida corporation that choose to dissent from certain extraordinary corporate actions to exercise their statutory appraisal rights. This Note outlines the steps for dissenting shareholders to officially object to the corporate action, elect to have the corporation buy their shares at fair value, and enforce their appraisal rights or dissenter's rights. This Note also addresses the corporation's obligation to provide dissenting shareholders with a notice of appraisal rights and offer to purchase shares, and briefly addresses appraisal proceedings in limited liability companies and limited partnerships.

Exercising and Litigating Appraisal Rights (FL)

Practical Law Practice Note w-040-4375 (Approx. 17 pages)

Exercising and Litigating Appraisal Rights (FL)

by Practical Law Commercial Litigation
MaintainedFlorida
A Practice Note discussing the process for shareholders of a Florida corporation that choose to dissent from certain extraordinary corporate actions to exercise their statutory appraisal rights. This Note outlines the steps for dissenting shareholders to officially object to the corporate action, elect to have the corporation buy their shares at fair value, and enforce their appraisal rights or dissenter's rights. This Note also addresses the corporation's obligation to provide dissenting shareholders with a notice of appraisal rights and offer to purchase shares, and briefly addresses appraisal proceedings in limited liability companies and limited partnerships.