2021 New York Laws
BNK - Banking
Article 13 - Merger; Voluntary Dissolution; Superintendent's Taking Possession; Reorganization; Liquidation
604 - Rights of Dissenting Stockholders.

§ 604. Rights of dissenting stockholders.
The  following  stockholders  shall,  subject to and by complying with
  section six thousand twenty-two of  this  chapter,  have  the  right  to
  receive  payment  of the fair value of their shares and the other rights
  and benefits provided by such section:
1.  In  the  case  of  a  merger  pursuant  to  a  plan  submitted  to
  stockholders  as  provided in subdivision two of section six hundred one
  of this chapter, any stockholder of the merging corporation entitled  to
  vote thereon who does not assent thereto;
2.  In  the  case  of  a  plan  of  acquisition of assets submitted to
  stockholders as provided in subdivision two of section six hundred one-a
  of this chapter, any stockholder of the selling corporation entitled  to
  vote thereon who does not assent thereto; and
3.  In  the case of a sale, lease, exchange or other disposition which
  requires stockholder authorization under section six  hundred  one-c  of
  this  chapter,  any  stockholder,  entitled  to  vote  thereon,  of  the
  corporation making such sale, lease, exchange or other  disposition  who
  does  not assent thereto, except in the case of a transaction wholly for
  cash where the stockholders' authorization thereof is  conditioned  upon
  the  distribution  of  all  the  net proceeds of such transaction to the
  stockholders in accordance with their respective  interests  within  one
  year  after the date of such transaction and upon the dissolution of the
  corporation.