Arizona Article 13 - Dissenters' Rights

• Category: Corporations - Mergers and Acquisitions
• State: Multi-State
• Control #: US-CC-12-1382E
• Format: Word; Rich Text

Description

This is a form which discusses Dissenters' Rights, to be used across the United States. These are the appraisal rights provisions of a Business Corporation Act, Article 13. Arizona Article 13 — Dissenters' Rights is a crucial legal provision that protects the rights of shareholders who dissent from certain corporate actions. Under this provision, dissenting shareholders are granted the opportunity to exercise their rights and obtain fair value for their shares in cases where there is a major corporate action taking place, such as a merger or consolidation. This article aims to provide a detailed description of the Arizona Article 13 — Dissenters' Rights, explaining its purpose, application, and relevant keywords associated with this provision. Dissenters' Rights refer to the legal protections given to shareholders who oppose certain actions taken by a corporation. In Arizona, these rights are governed by Article 13 of the Arizona Revised Statutes, which outlines the statutory framework to protect the interests of dissenting shareholders. The primary objective of this legislation is to safeguard shareholders from potential unfair treatment or financial loss resulting from corporate actions that may significantly affect the value of their shares. The Arizona Article 13 — Dissenters' Rights applies to various types of corporate actions, including mergers, consolidations, share exchanges, amendments to articles of incorporation, and certain asset sales. In the event of such actions, dissenting shareholders have the right to reject the proposed action and to seek fair value for their shares. They can either opt for an appraisal of their shares or exercise their right to dissent and demand payment of fair value, subject to the conditions set forth in the statute. Keywords associated with Arizona Article 13 — Dissenters' Rights include: 1. Shareholders: Refers to individuals or entities that own shares or stock in a corporation. 2. Dissent: Signifies the act of expressing disagreement or opposition. 3. Corporate actions: Refers to significant decisions or transactions undertaken by a corporation, affecting the rights or status of the shareholders. 4. Merger: The combining of two or more companies into a single legal entity. 5. Consolidation: The union of two or more corporations to form a new corporation, which then absorbs the existing ones. 6. Share exchange: A transaction in which shareholders of one corporation exchange their shares for shares of another corporation. 7. Amendments to articles of incorporation: Refers to changes made to the foundational documents of a corporation, outlining its purpose, structure, and governance. 8. Appraisal: The process of determining the fair value of shares through a qualified appraisal expert. It is important to note that while the keywords apply to the general concept of Dissenters' Rights, the associated types may vary in different jurisdictions. Therefore, it is essential to consult the specific provisions of the Arizona Revised Statutes, Article 13, to understand the detailed application and any additional forms of dissenters' rights mentioned therein.

Arizona Article 13 — Dissenters' Rights is a crucial legal provision that protects the rights of shareholders who dissent from certain corporate actions. Under this provision, dissenting shareholders are granted the opportunity to exercise their rights and obtain fair value for their shares in cases where there is a major corporate action taking place, such as a merger or consolidation. This article aims to provide a detailed description of the Arizona Article 13 — Dissenters' Rights, explaining its purpose, application, and relevant keywords associated with this provision. Dissenters' Rights refer to the legal protections given to shareholders who oppose certain actions taken by a corporation. In Arizona, these rights are governed by Article 13 of the Arizona Revised Statutes, which outlines the statutory framework to protect the interests of dissenting shareholders. The primary objective of this legislation is to safeguard shareholders from potential unfair treatment or financial loss resulting from corporate actions that may significantly affect the value of their shares. The Arizona Article 13 — Dissenters' Rights applies to various types of corporate actions, including mergers, consolidations, share exchanges, amendments to articles of incorporation, and certain asset sales. In the event of such actions, dissenting shareholders have the right to reject the proposed action and to seek fair value for their shares. They can either opt for an appraisal of their shares or exercise their right to dissent and demand payment of fair value, subject to the conditions set forth in the statute. Keywords associated with Arizona Article 13 — Dissenters' Rights include: 1. Shareholders: Refers to individuals or entities that own shares or stock in a corporation. 2. Dissent: Signifies the act of expressing disagreement or opposition. 3. Corporate actions: Refers to significant decisions or transactions undertaken by a corporation, affecting the rights or status of the shareholders. 4. Merger: The combining of two or more companies into a single legal entity. 5. Consolidation: The union of two or more corporations to form a new corporation, which then absorbs the existing ones. 6. Share exchange: A transaction in which shareholders of one corporation exchange their shares for shares of another corporation. 7. Amendments to articles of incorporation: Refers to changes made to the foundational documents of a corporation, outlining its purpose, structure, and governance. 8. Appraisal: The process of determining the fair value of shares through a qualified appraisal expert. It is important to note that while the keywords apply to the general concept of Dissenters' Rights, the associated types may vary in different jurisdictions. Therefore, it is essential to consult the specific provisions of the Arizona Revised Statutes, Article 13, to understand the detailed application and any additional forms of dissenters' rights mentioned therein.