[§414-357]  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 must send a new dissenters' notice under section 414-353 and repeat the
payment demand procedure. [L 2000, c 244, pt of §1]