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    The Right To Dissent And Fractional Shares

    I've devoted several posts to how California's General Corporation Law deals with fractional shares.  Nevada's approach to fractional shares is somewhat different.  For example, Nevada permits rounding up to a full share in all cases.  NRS...

    Nevada Corporations, dissenters' rights, fractional shares, NRS 78.205, scrip

    Fractions And Squeeze Outs

    The last two posts have discussed what a corporation may do with fractions of shares.  I entitled the first of these posts "Breaking Up Is Not Hard To Do – Fractions, Scrip And Scrippage" in partial reference to the song by Neil Sedaka and Howard...

    Corporate Governance, fraction, fractional shares, General Corporation Law, Section 407, squeeze out

    I Deliver Some Round Observations About California's Rounding Rule

    Yesterday's post concerned various actions that a California corporation may pursue in lieu of issuing fractional shares.  I left for today the subject of rounding.  Section 407 of the Corporations Code expressly permits rounding to...

    Mergers & Acquisitions, rounding, Secretary of State, Bill Holden, fractional shares, Harold Marsh Jr, Section 407

    Breaking Up Is Not Hard To Do - Fractions, Scrip And Scrippage

    The California General Corporation Law explicitly authorizes a corporation to issue fractional shares.  Cal. Corp. Code § 407.  A corporation, however, is not required to do so.  Id.  In lieu of issuing fractions, a corporation may in connection...

    Mergers & Acquisitions, Corporate Governance, fair value, fractional shares, fractions, scrip, Section 407