§ 23B.13.270. After-acquired shares
(1) A corporation may elect to withhold payment required by RCW 23B.13.250 from a dissenter unless the dissenter was the beneficial owner of the shares before the date set forth in the dissenters' notice as the date of the first announcement to news media or to shareholders of the terms of the proposed corporate action.
(2) To the extent the corporation elects to withhold payment under subsection (1) of this section, after taking the proposed corporate action, it shall estimate the fair value of the shares, plus accrued interest, and shall pay this amount to each dissenter who agrees to accept it in full satisfaction of the dissenter's demand. The corporation shall send with its offer an explanation of how it estimated the fair value of the shares, an explanation of how the interest was calculated, and a statement of the dissenter's right to demand payment under RCW 23B.13.280.
[1989 c 165 § 150.]
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