North Carolina General Statutes 53-362. Appraisal rights of shareholders in mergers, share exchanges, or asset transfers
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Terms Used In North Carolina General Statutes 53-362
- Appraisal: A determination of property value.
- following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
A shareholder of a State trust company may exercise appraisal rights in connection with the proposed merger, share exchange, or asset transfer to the extent allowed under, and by following the procedures prescribed by, Article 13 of Chapter 55 of the N.C. Gen. Stat.. (2001-263, s. 1; 2011-347, s. 2.)