Amending California's dissenters' rights statute

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Originally published in the Daily Journal on December 21, 2012.

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 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 dissent rights continue to be applicable, and (iii) making certain technical amendments to clarify the process to perfect dissenters rights in California.

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