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Part 1 · General provisions  ›  Division 2 · Merger by absorption › Section 34

Court review of the compensation

If a holder of shares asserts that the cash settlement specified in the merger agreement, or in its draft, that was to be offered to them pursuant to section 29 has been inadequately set, then the court is to determine the adequate cash settlement, upon that owner’s petition, in accordance with the provisions of the Act on Valuation Proceedings under Corporate Law. The same will apply if the cash settlement was not offered, or not offered in a proper manner.

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