HB 1715 -- CORPORATIONS

This bill grants appraisal rights to all voting and nonvoting
shareholders of a corporation which is a party to a merger or
consolidation.  To be eligible, a shareholder must:

(1)  Own stock of the corporation undergoing a merger or
consolidation as of the date of the shareholder meeting when the
merger plan was submitted to a vote;

(2)  File a written objection to the merger before or during the
meeting at which the merger is submitted to a vote;

(3)  Vote in opposition to the merger proposal; and

(4)  File a written demand with the new corporation for payment
of the fair value of the shares within 20 days after the merger.

Any shareholder not satisfying the above requirements will be
conclusively presumed to have consented to the merger.
Corporations are required to provide notice to each shareholder
owning stock as of the record date for the meeting at which the
merger is submitted to a vote, whether or not the shareholder is
entitled to vote.

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:44 am