(a) If proposed limited liability company action creating dissenters' rights under Code Section 14-11-1002 is submitted to a vote at a members' meeting, a record member who wishes to assert dissenters' rights:
(1) Must deliver to the limited liability company before the vote is taken written notice of his or her intent to demand payment for his or her membership interest if the proposed action is effectuated; and
(2) Must not vote his or her membership interest in favor of the proposed action.
(b) A record member who does not satisfy the requirements of subsection (a) of this Code section is not entitled to payment for his or her membership interest under this article.
Section: Previous 14-11-1001 14-11-1002 14-11-1003 14-11-1004 14-11-1005 14-11-1006 14-11-1007 14-11-1008 14-11-1009 14-11-1010 14-11-1011 14-11-1012 14-11-1013 NextLast modified: October 14, 2016