Missouri Laws 351.890 – Written notice of intent to demand payment for shares
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1. If proposed corporate action creating dissenters’ rights under section 351.875 is submitted to a vote at a shareholders’ meeting, a shareholder who wishes to assert dissenters’ rights 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 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 is not entitled to payment for his shares under sections 351.870 to 351.930.
Terms Used In Missouri Laws 351.890
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Shareholder: means one who is a holder of record of shares in a corporation. See Missouri Laws 351.015