A Reconsideration of the Stock Market Exception to the Dissenting Shareholder's Right of Appraisal

Authors

Michigan Law Review, University of Michigan Law School

Abstract

This Note engages in such a reassessment. It contends, first, that appraisal has not been an unreasonable burden on corporations and that adjustments in the appraisal procedure can eliminate remaining inequities. Next, it asserts that the stock market exception inadequately protects the dissenting shareholder, since a market might, for a variety of reasons, price a shareholder's stock at less than its intrinsic value. Finally, this Note concludes that an appraisal procedure with modifications, and not the stock market exception, reflects the appropriate balance of corporate and shareholder interests.

Recommended Citation

Michigan Law Review, A Reconsideration of the Stock Market Exception to the Dissenting Shareholder's Right of Appraisal, 74 Mich. L. Rev. 1023 (1976).
Available at: https://repository.law.umich.edu/mlr/vol74/iss5/8