[§414-357]  Failure to take action. (a)  If the corporation does not take the proposed action within sixty daysafter the date set for demanding payment and depositing share certificates, thecorporation shall return the deposited certificates and release the transferrestrictions imposed on uncertificated shares.

(b)  If after returning deposited certificatesand releasing transfer restrictions, the corporation takes the proposed action,it must send a new dissenters' notice under section 414-353 and repeat thepayment demand procedure. [L 2000, c 244, pt of §1]