The appraisal rights originated from the case law of 19th century America, and has been provided worldwide nowadays, the appraisal rights was created with the purpose to amen.

China s Company Law amended in 2005 added the right of claim for acquisition of shares by dissenting shareholders, which means the structure of the company materially changes, dissenting shareholders can choose to retire from the company by getting reasonable compensation.

The appraisal rights of the dissenters originated from common law, the purpose of this system is that, when a corporate transaction fundamentally affects share rights, the dissenting shareholders are to be entitled to dissent from such a transaction and receive rational payment of the appraised fair value of their shares, and then secede from the corporate which has fundamentally changed.

The appraisal right of dissenters is one of the important methods to protect the rights and interests of small shareholders.

The appraisal rights could fulfill such goal exectly.

The appraisal right of dissenters has a close relationship with the change of the company vote system.

In this article,the author introduces some knowledge on appraisal right of dissenters and considers it is an important and effective right especially to these shareholders who disagree the important decision of shareholder meeting.