Commercial Law, 2011 Bar — Question 20

MULTIPLE CHOICE

The rule is that the valuation of the shares of a stockholder who exercises his appraisal rights is determined as of the day prior to the date on which the vote was taken. This is true- A) regardless of ar1y depreciation or appreciation in the share’s fair value. B) regardless of any appreciation in the share’s fair value. C) regardless of any depreciation in the share’s fair value. D) only if there is no appreciation or depreciation in the share’s fair value.

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