Einde inhoudsopgave
Exit remedies for minority shareholders in close companies (IVOR nr. 82) 2011/3.3.5.2.1
3.3.5.2.1 Who must repurchase the shares?
dr. Q. Wang, datum 02-05-2011
- Datum
02-05-2011
- Auteur
dr. Q. Wang
- JCDI
JCDI:ADS410802:1
- Vakgebied(en)
Ondernemingsrecht (V)
Voetnoten
Voetnoten
Delaware (d) (2) (i), the court shall direct the payment of the fair value of the shares, together with interest, if any, by the surviving or resulting corporation to the stockholders entitled thereto. RMBCA 13.24: the corporation shall pay in cash to those shareholders who complied with section 13.23(a) the amount the corporation estimates to be the fair value of their shares, plus interest. and 13.01 (3). 'Corporation' means the issuer of the shares held by a shareholder demanding appraisal and, for matters covered in sections 13.22-13.31, includes the surviving entity in a merger.
The RMBCA, the Delaware Statute and the Principles, all require corporations to repurchase the shares instead of asking any shareholder to do so.1 The three follow the same procedure in this issue.