Dissentient: purchase of interest
Where a company is being reorganized or sold to another company by a liquidator and shareholders are to receive shares in the second company, a member who has not voted for the special resolution may demand that the liquidator purchases his interest at a price to be determined either by agreement or by arbitration. The dissentient must decide within seven days of the resolution.
Reference: The Penguin Business Dictionary, 3rd edt.
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