What are the instances when a stockholder can make use of his Appraisal

Right?
The Revised Corporation Code expressly made appraisal rights
available to the dissenting stockholder in four instances. The first one
is in case any amendment to the articles of incorporation has the effect
of changing or restricting the rights of any stockholders or class of
shares, authorizing preferences in any respect superior to those of
outstanding shares of any class, or extending or shortening the term of
corporate existence. Secondly, in case of sale, lease, exchange,
transfer, mortgage, pledge, or other disposition of all or substantially
all of the corporate property and assets as provided in the RCC. Thirdly
is in case of merger or consolidation. And lastly is in case of investment
of corporate funds for any purpose other than the primary purpose of the
corporation.