10-1321. Notice of intent to demand payment
A. If proposed corporate action creating dissenters' rights under section 10-1302 is submitted to a vote at a shareholders' meeting, a shareholder who wishes to assert dissenters' rights shall both:
1. Deliver to the corporation before the vote is taken written notice of the shareholder's intent to demand payment for the shareholder's shares if the proposed action is effectuated.
2. Not vote the shares in favor of the proposed action.
B. A shareholder who does not satisfy the requirements of subsection A of this section is not entitled to payment for the shares under this article.
Section: Previous 10-1105 10-1201 10-1202 10-1301 10-1302 10-1303 10-1320 10-1321 10-1322 10-1323 10-1324 10-1325 10-1326 10-1327 10-1328 NextLast modified: October 13, 2016