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The Right To Dissent And Fractional Shares

Picture of Keith Paul Bishop Posted on January 26, 2017 by Keith Paul Bishop

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

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

Picture of Keith Paul Bishop Posted on January 18, 2017 by Keith Paul Bishop

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

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