Kentucky Statutes 271B.13-210 – Notice of intent to demand payment
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(1) If proposed corporate action creating dissenters’ rights under KRS § 271B.13-020 is submitted to a vote at a shareholders’ meeting, a shareholder who wishes to assert dissenters’ rights:
(a) Shall deliver to the corporation before the vote is taken written notice of his intent to demand payment for his shares if the proposed action is effectuated; and
(b) Shall not vote his shares in favor of the proposed action.
(2) A shareholder who does not satisfy the requirements of subsection (1) of this section shall not be entitled to payment for his shares under this chapter.
Effective: January 1, 1989
History: Created 1988 Ky. Acts ch. 23, sec. 127, effective January 1, 1989.
(a) Shall deliver to the corporation before the vote is taken written notice of his intent to demand payment for his shares if the proposed action is effectuated; and
Terms Used In Kentucky Statutes 271B.13-210
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Shareholder: means the record shareholder or the beneficial shareholder. See Kentucky Statutes 271B.13-010
(b) Shall not vote his shares in favor of the proposed action.
(2) A shareholder who does not satisfy the requirements of subsection (1) of this section shall not be entitled to payment for his shares under this chapter.
Effective: January 1, 1989
History: Created 1988 Ky. Acts ch. 23, sec. 127, effective January 1, 1989.