[§414-354]  Duty to demand payment. 
(a)  A shareholder sent a dissenters' notice described in section 414-353 must
demand payment, certify whether the shareholder acquired beneficial ownership
of the shares before the date required to be set forth in the [dissenters']
notice pursuant to section 414-353(b)(3), and deposit the shareholder's
certificates in accordance with the terms of the notice.



(b)  The shareholder who demands payment and
deposits the shareholder's share certificates under subsection (a) retains all
other rights of a shareholder until these rights are canceled or modified by
the taking of the proposed corporate action.



(c)  A shareholder who does not demand payment
or deposit the shareholder's share certificates where required, each by the
date set in the dissenters' notice, is not entitled to payment for the
shareholder's shares under this part. [L 2000, c 244, pt of §1]