Commercial Law, 2011 Bar — Question 57

MULTIPLE CHOICE

In case of disagreement between the corporation and a withdrawing stockholder who exercises his appraisal right regarding the fair value of his shares, a three-member group shall by majority vote resolve the issue with finality. May the wife of the withdrawing stockholder be named to the three-member group? A) No, the wife of the withdrawing shareholder is not a disinterested person. B) Yes, since she could best protect her husband's shareholdings. C) Yes, since the rules do not discriminate against wives. D) No, since the stockholder himself should sit in the three-member group.

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