Summary
In Barasch the court observed "[a] transaction does not require shareholder approval, and thus will not trigger a shareholder's right to an appraisal, where it does not result in the liquidation in whole or part of the company's business."
Summary of this case from Theatre Dist. Realty Corp. v. ApplebyOpinion
November 3, 2011.
Corporations — Appraisal of Stock of Dissenting Shareholder. Business Corporation Law — § 623 (Procedure to enforce shareholder's right to receive payment for shares). Business Corporation Law — § 909 (a) (Sale, lease, exchange or other disposition of assets).