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Home / Opinion Digests / Business Law / No Appraisal Rights for Minority Shareholders (access required)

No Appraisal Rights for Minority Shareholders (access required)

A shareholder in a Virginia corporation is not entitled to appraisal rights under Virginia law when the Virginia corporation changes its state of incorporation prior to a sale of its assets, the Supreme Court of Virginia holds, and the circuit court decision denying appraisal rights under Virginia law is affirmed. Plaintiff minority shareholders filed a circuit ...

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