What rights do minority shareholders have under the Revised Corporation Code?

Minority shareholders have specific rights designed to protect their interests in a corporation, and one key right is to dissent and appraise their shares under certain conditions. This right allows minority shareholders to express disagreement with significant corporate actions—such as mergers, consolidations, or amendments to the articles of incorporation—that they believe could adversely affect their investment. If they choose to dissent, they have the option to require the corporation to buy back their shares at a fair value, which serves as a safeguard for their financial interests in the entity.

This provision recognizes the potential for minority shareholders to be at a disadvantage in corporate decisions where their interests may not be represented. By allowing them to appraise their shares and receive compensation reflective of their value, the Revised Corporation Code ensures a measure of protection against decisions made by majority shareholders that might negatively impact the minority's holdings.

The other options do not encapsulate minority shareholder rights as comprehensively. While minority shareholders can vote on certain matters, particularly those affecting their rights, they do not have voting rights on all corporate matters. Their ability to sell shares is subject to restrictions, and they do not have an unconditional right to attend board meetings without proper notice, as that is typically reserved for directors and not all shareholders. Hence, the