Choice "C" is correct. In a short form merger (one between a parent and a subsidiary 90% of which is owned by the parent), the subsidiary's shareholders have a right to dissent and take advantage of the appraisal remedy.
Choice "a" is incorrect. The subsidiary's board is not required to take any action in a short-form merger.
Choice "d" is incorrect. The parent corporation's shareholders have no right to approve or disapprove a short-form merger.
Choice "b" is incorrect. The parent corporation's shareholders have no right to dissent to a short-form merger.
