Georgia Article 13 - Dissenters' Rights
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1989 Amendment of the Georgia Dissenters' Rights Statute ?[W]hen a majority of shareholders has approved a corporate change, the corporation should be permitted to proceed even if a minority considers the change unwise or disadvantageous, and persuades a court that this is correct. The Big Chill: "Freezing Out" Minority Shareholders in Georgia ... Smith Gambrell Russell Law Firm ? TTL Articles Smith Gambrell Russell Law Firm ? TTL Articles
Dissenters' rights ensure a shareholder that they can sell their shares at fair value in the event that a company takes a decision that they do not agree with. Dissenters' rights are guaranteed under state corporate law.
In Section 395 of the Act, the dissenting shareholders have been put at the limit of 10% of shares. Thus Minority could be defined as holding not more than 10% shares for the limited purpose of agitating their rights before the appropriate forum. 2.3 Oppression is defined in section 397(2). Minority Interest - MCA mca.gov.in ? reports ? report-company-law mca.gov.in ? reports ? report-company-law
