Which of the following is NOT true of dissenting shareholder appraisal rights?

A. To obtain appraisal rights, a dissenting shareholder must (1) deliver written notice of the intent to demand payment of his or her shares to the corporation before the vote is taken and (2) not vote these shares in favor of the proposed action.

B. The shareholder must deposit the share certificates with the corporation. Shareholders who fail to comply with these statutory procedures lose their appraisal rights.

C. Objecting shareholders are provided a statutory right to dissent and obtain payment of the fair value of their shares. This is referred to as a dissenting shareholder appraisal right, or an appraisal right.

D. Specific shareholders sometimes object to a proposed ordinary or short-form merger, share exchange, or sale or lease of all or substantially all of the property of a corporation, even though the transaction received the required approvals.

E. Shareholders do not have to be notified of the existence of their appraisal rights before a transaction can be voted on