Subject: Partnership, Revised Corporation Cooperative Law ( Business Laws and Regulations) (Philippines)

Topic: Appraisal Right of the Corporation

Identification:

1. A stockholder who demands payment of his shares provided procedures had been satisfied.
2. Three disinterested persons who may be called upon to help in the determining of the price, in case the stockholder rejects the offered price by the corporation.
3. He is the person to whom such shares represented by the certificates bearing notation that they are dissenting shares are transferred.
4. The period within which the stockholder must manifest his demand to be paid the fair value of his shares.
5. A right to demand the fair value of once shares when a stockholder disagrees to a proposed corporate action which was approved by the 2/3 votes of the voting stockholders in the corporation.
6. Termed as the determination as of the day prior to the date on which the vote was taken.
7. The period within which the stockholder must submit the certificates of stocks representing the shares to the corporation for notation as such dissenting shares.
8. Is a requirement in order that the corporation can pay the fair value of the shares.
9. Represented by certificates that bears the notation of the corporation that such belongs to the concerned stockholder.
10. Bears the costs of appraisal as a general rule.