The proposed bill, if enacted, would amend current statutes regarding court costs and attorney fees in appraisal proceedings related to dissenters' rights. Under the current law, the court determines all costs of the proceeding and assesses them against the corporation, with the possibility of assessing costs against dissenters if certain conditions are met. The bill would clarify that the court costs assessed against the corporation would also apply to any surviving or resulting corporations from a sale, merger, or acquisition.

Additionally, the bill would specify that attorney and expert fees assessed against the corporation would similarly apply to the surviving or resulting corporations. This change aims to ensure that the financial responsibilities for court costs and legal fees are clearly defined in the context of corporate transactions involving dissenters' rights, thereby providing greater clarity and consistency in the application of these costs.

Statutes affected:
Introduced Version: 10-1331
House Engrossed Version: 10-1331