APPRAISAL REMEDY

appraisal   remedy.The   statutory   right   of   corporate   shareholders   who   oppose   some

extraordinary corporate action (such as a merger) to have their shares judicially appraised and to

demand that the corporation buy back their shares at the appraised value. — Also termed appraisal

right; dissenters’ right; right of dissent and appraisal. [Cases: Corporations    182.4(5), 584. C.J.S.

Corporations §§ 348, 799–801.] [Blacks Law 8th]