3.3.2 Legislative structure

In the US, corporate provisions may differ more in relation to appraisal than in other areas.1 The laffer part of this chapter examines appraisal triggers and procedural issues based on a comparative study of the RMBCA, the Delaware corporate statute, and the American Law Institute's Principles of Corporate Governance. In all of these three model laws or legislation, provisions on the appraisal remedy are in a specified section rather than scattered all over the statute as in Korea or some other countries.2