10-1326. Failure to take action
A. If the corporation does not take the proposed action within sixty days after the date set for demanding payment and depositing share certificates, the corporation shall return the deposited certificates and release the transfer restrictions imposed on uncertificated shares.
B. If after returning deposited certificates and releasing transfer restrictions, the corporation takes the proposed action, it shall send a new dissenters' notice under section 10-1322 and shall repeat the payment demand procedure.
Section: Previous 10-1303 10-1320 10-1321 10-1322 10-1323 10-1324 10-1325 10-1326 10-1327 10-1328 10-1330 10-1331 10-1401 10-1402 10-1403 NextLast modified: October 13, 2016