§ 23B.13.220. Dissenters' rights -- Notice
(1) If proposed corporate action creating dissenters' rights under RCW 23B.13.020 is authorized at a shareholders' meeting, the corporation shall deliver a notice to all shareholders who satisfied the requirements of RCW 23B.13.210.
(2) The notice must be sent within ten days after the effective date of the corporate action, and must:
(a) State where the payment demand must be sent and where and when certificates for certificated shares must be deposited;
(b) Inform holders of uncertificated shares to what extent transfer of the shares will be restricted after the payment demand is received;
(c) Supply a form for demanding payment that includes the date of the first announcement to news media or to shareholders of the terms of the proposed corporate action and requires that the person asserting dissenters' rights certify whether or not the person acquired beneficial ownership of the shares before that date;
(d) Set a date by which the corporation must receive the payment demand, which date may not be fewer than thirty nor more than sixty days after the date the notice in subsection (1) of this section is delivered; and
(e) Be accompanied by a copy of this chapter.
[2002 c 297 § 38; 1989 c 165 § 145.]
Sections: Previous 23B.13.010 23B.13.020 23B.13.030 23B.13.200 23B.13.210 23B.13.220 23B.13.230 23B.13.240 23B.13.250 23B.13.260 23B.13.270 23B.13.280 23B.13.300 23B.13.310 NextLast modified: April 7, 2009