(a) If the corporation does not take the proposed action within 60 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 must send a new dissenters' notice under Code Section 14-2-1322 and repeat the payment demand procedure.
Section: Previous 14-2-1320 14-2-1321 14-2-1322 14-2-1323 14-2-1324 14-2-1325 14-2-1326 14-2-1327 NextLast modified: October 14, 2016