Perspective
Dec. 22, 2012
Amending California's dissenters' rights statute
On Sept. 23, Gov. Jerry Brown signed Assembly Bill 1680 into law.
On Sept. 23, Gov. Jerry Brown signed Assembly Bill 1680 into law. AB 1680 amends California's dissenters' rights statute by (i) eliminating dissenters rights for shareholders of California-incorporated public companies in transactions where those shareholders are to receive unrestricted, publicly traded stock of the acquiring company, (ii) clarifying how "fair market value" is to be determined in those transactions where dis...
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