10-2727

10-2727. Redemption

A. Unless otherwise expressly provided in the articles of incorporation or in
bylaws approved by the shareholders of an issuing public corporation, the issuing public
corporation may call for redemption of all but not less than all shares referred to in
section 10-2725, subsection A acquired in a control share acquisition at a redemption
price equal to the market value of the shares at the time the call for redemption is
given if either:

1. An information statement has not been delivered to the issuing public
corporation by the acquiring person by the tenth day after the control share acquisition.

2. An information statement has been delivered but the shareholders have voted not
to accord voting rights to such shares pursuant to section 10-2725, subsection B.

B. If exercising its redemption right pursuant to this section, the issuing public
corporation shall give the acquiring person written notice of the call for redemption
within thirty days after the event giving the issuing public corporation the option to
call the shares for redemption and the shares shall be redeemed within sixty days after
the call is given.