§414-353 - Dissenters' notice.
[§414-353] Dissenters' notice. (a) Ifproposed corporate action creating dissenters' rights under section 414-342 isauthorized at a shareholders' meeting, the corporation shall deliver a writtendissenters' notice to all shareholders who satisfied the requirements ofsection 414-352.
(b) The dissenters' notice must be sent nolater than ten days after the corporate action was taken, and must:
(1) State where the payment demand must be sent andwhere and when certificates for certificated shares must be deposited;
(2) Inform holders of uncertificated shares to whatextent transfer of the shares will be restricted after the payment demand isreceived;
(3) Supply a form for demanding payment that includesthe date of the first announcement to news media or to shareholders of theterms of the proposed corporate action and requires that the person assertingdissenters' rights certify whether or not the person acquired beneficialownership of the shares before that date;
(4) Set a date by which the corporation must receivethe payment demand, which date may not be fewer than thirty nor more than sixtydays after the date the subsection (a) notice is delivered; and
(5) Be accompanied by a copy of this part. [L 2000, c244, pt of §1]