10-1326. Failure to take action


A. If the corporation does not take the proposed action within sixty 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 shall send a new dissenters' notice under
section 10-1322 and shall repeat the payment demand procedure.