Opinion ID: 466129
Heading Depth: 1
Heading Rank: 3

Heading: Appraisal Rights.

Text: 16 Under Cal.Corp.Code Sec. 1300(a), a shareholder of a disappearing corporation in a short-form merger may, by complying with this chapter, require the corporation in which the shareholder holds shares to purchase for cash at their fair market value the shares owned by the shareholder.... Nine shareholders who failed to comply with these statutory requirements sought to exercise their appraisal rights; they argued that they were unable to comply with these requirements because they did not receive the statutory notice in time, or, in some instances, at all. 17 The district court was not clearly erroneous in finding that timely notices were mailed to the nine shareholders at their addresses of record as required by the statute. We affirm the district court's order dismissing the claims of these shareholders to appraisal rights. 18