Which action is required to initiate a dissenting shareholder right of appraisal?

To initiate a dissenting shareholder right of appraisal, it is required that a shareholder files a notice of objection before voting on the proposed corporate action. This notice serves as a formal expression of dissent regarding the transaction, which is typically related to mergers, acquisitions, or significant corporate changes affecting the value of the shares. By providing this notice prior to voting, shareholders protect their right to seek appraisal rights, which allows them to request a fair value for their shares instead of accepting what is often offered in the proposed transaction.

Filing the notice ensures that the corporation is aware of the dissenting shareholder's position, which is critical for preserving the right to an appraisal. Simply voting against the proposed change, preparing a legal complaint, or attending the next board meeting do not fulfill the procedural requirements needed to assert these rights effectively. The requirement of notice is part of the statutory framework designed to give the corporation an opportunity to address the concerns of dissenting shareholders and to prepare for potential appraisal demands.