3.3.5.0 Introduction

Anyone who tries to explain the appraisal remedy struggles not only with its elusive functions and various triggering events but also with the very different procedures developed across jurisdictions.1 Detailed exploration of the procedural issues is not the main concern of this paper. Yet, the fact that PRC company law contains only one article of merely 8 lines, including both triggers and procedures for appraisal rights, comes as a surprise to people who want to understand the perfection of this remedy. This section therefore has value for the oversimplified appraisal provision in China.

This section again selects mies of the RMBCA, the Delaware statute and the Principles for study and comparison. We will find that the Principles provide the most facilitating procedures to dissenters.