Which of the Following Statements Is True About Procedures for Appraisal

Multiple Choice

Which of the following statements is true about procedures for appraisal rights of dissenting shareholders?

A) The procedures governing appraisal rights are minimal.
B) Dissenting shareholders need only express their dissent the procedures do not need to be strictly followed.
C) Depending on the jurisdiction, dissenting shareholders may be stripped of their rights, including the right to vote.
D) The legal status of dissenting shareholders never changes.
E) Shareholders who lose their legal status also lose their right to sue.