Nassau New York Article 13 - Dissenters' Rights

• Category: Corporations - Mergers and Acquisitions
• State: Multi-State
• County: Nassau
• 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. Nassau, New York, houses a prominent piece of legislation called Article 13 — Dissenters' Rights. This legislation is designed to protect the rights of dissenters, individuals who oppose or object to specific actions or decisions taken by corporations or limited liability companies (LCS) in Nassau County. Under Nassau New York Article 13 — Dissenters' Rights, dissenters are provided with certain legal entitlements aimed at safeguarding their interests when they disagree with corporate actions such as mergers, consolidations, reorganizations, or other substantial changes made by the company. These rights grant dissenters the option to assert their objections and potentially receive fair compensation for their shares or interests in the entity in question. Nassau County recognizes several types of dissenters' rights, which may be categorized as follows: 1. Dissenters' Rights in Mergers: This category refers to dissenters' rights invoked when a corporation or LLC decides to merge with another entity. Dissenters have the ability to express their opposition to the merger and determine whether they wish to exercise their right to be bought out at a fair price. 2. Dissenters' Rights in Consolidations: When corporations or LCS consolidate, dissenters' rights allow individuals who disagree with the consolidation to seek appraisal rights. These rights grant them the possibility to receive a fair value for their shares or interests in the consolidated entity. 3. Dissenters' Rights in Reorganizations: This category applies to dissenters' rights in situations wherein a corporate reorganization is proposed. Dissenting shareholders or members have the opportunity to assert their objections and potentially receive compensation if their interests are adversely affected by the reorganization. 4. Dissenters' Rights in Other Substantial Changes: Nassau New York Article 13 — Dissenters' Rights may also cover other significant events or actions undertaken by a corporation or LLC that substantially affect shareholders or members. Dissenters have the right to dissent from such changes and seek equitable treatment for their shares or interests. It is crucial for dissenters in Nassau, New York, to familiarize themselves with Article 13 — Dissenters' Rights to understand their legal protections fully. By being aware of the specific provisions and types of dissenters' rights, individuals can safeguard their interests and make informed decisions when their disagreement arises in various corporate settings.

Nassau, New York, houses a prominent piece of legislation called Article 13 — Dissenters' Rights. This legislation is designed to protect the rights of dissenters, individuals who oppose or object to specific actions or decisions taken by corporations or limited liability companies (LCS) in Nassau County. Under Nassau New York Article 13 — Dissenters' Rights, dissenters are provided with certain legal entitlements aimed at safeguarding their interests when they disagree with corporate actions such as mergers, consolidations, reorganizations, or other substantial changes made by the company. These rights grant dissenters the option to assert their objections and potentially receive fair compensation for their shares or interests in the entity in question. Nassau County recognizes several types of dissenters' rights, which may be categorized as follows: 1. Dissenters' Rights in Mergers: This category refers to dissenters' rights invoked when a corporation or LLC decides to merge with another entity. Dissenters have the ability to express their opposition to the merger and determine whether they wish to exercise their right to be bought out at a fair price. 2. Dissenters' Rights in Consolidations: When corporations or LCS consolidate, dissenters' rights allow individuals who disagree with the consolidation to seek appraisal rights. These rights grant them the possibility to receive a fair value for their shares or interests in the consolidated entity. 3. Dissenters' Rights in Reorganizations: This category applies to dissenters' rights in situations wherein a corporate reorganization is proposed. Dissenting shareholders or members have the opportunity to assert their objections and potentially receive compensation if their interests are adversely affected by the reorganization. 4. Dissenters' Rights in Other Substantial Changes: Nassau New York Article 13 — Dissenters' Rights may also cover other significant events or actions undertaken by a corporation or LLC that substantially affect shareholders or members. Dissenters have the right to dissent from such changes and seek equitable treatment for their shares or interests. It is crucial for dissenters in Nassau, New York, to familiarize themselves with Article 13 — Dissenters' Rights to understand their legal protections fully. By being aware of the specific provisions and types of dissenters' rights, individuals can safeguard their interests and make informed decisions when their disagreement arises in various corporate settings.