Revising the Delaware Appraisal Statute

36 Pages Posted: 23 Dec 2010 Last revised: 24 Aug 2017

See all articles by Randall S. Thomas

Randall S. Thomas

Vanderbilt University - Owen Graduate School of Management; Vanderbilt University - Law School

Date Written: 2000

Abstract

Modern appraisal statutes are a mess. Although these statutes were originally designed to provide liquidity to minority shareholders after fundamental changes in corporate form, today they are supposed to function more as a check on majority shareholder opportunism. Unfortunately, they do a very poor job of achieving either goal. Delaware, with the nation's most important coporate appraisal statute, bears the burden of trying to reform this remedy to make it more useful.

Keywords: Delaward, appraisal, statute

Suggested Citation

Thomas, Randall S. and Thomas, Randall S., Revising the Delaware Appraisal Statute (2000). 3 Delaware Law Review, 1 (2000), Vanderbilt Law and Economics Research Paper , Vanderbilt Public Law Research Paper, Available at SSRN: https://ssrn.com/abstract=1729349

Randall S. Thomas (Contact Author)

Vanderbilt University - Law School ( email )

131 21st Avenue South
Nashville, TN 37203-1181
United States

Vanderbilt University - Owen Graduate School of Management

401 21st Avenue South
Nashville, TN 37203
United States

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