10-1322. Dissenters' notice
A. If proposed corporate action creating dissenters' rights under section 10-1302
is authorized at a shareholders' meeting, the corporation shall deliver a written
dissenters' notice to all shareholders who satisfied the requirements of section 10-1321.
B. The dissenters' notice shall be sent no later than ten days after the corporate
action is taken and shall:
1. State where the payment demand must be sent and where and when certificates for
certificated shares shall be deposited.
2. Inform holders of uncertificated shares to what extent transfer of the shares
will be restricted after the payment demand is received.
3. 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 that requires that the person asserting dissenters' rights certify whether or
not the person acquired beneficial ownership of the shares before that date.
4. Set a date by which the corporation must receive the payment demand, which date
shall be at least thirty but not more than sixty days after the date the notice provided
by subsection A of this section is delivered.
5. Be accompanied by a copy of this article.
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