Hawaii Revised Statutes 414-352 – Notice of intent to demand payment

(a) If proposed corporate action creating dissenters’ rights under § 414-342 is submitted to a vote at a shareholders’ meeting, a shareholder who wishes to assert dissenters’ rights:

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Terms Used In Hawaii Revised Statutes 414-352

Deliver: includes mail. See Hawaii Revised Statutes 414-3
Shareholder: means the record shareholder or the beneficial shareholder. See Hawaii Revised Statutes 414-341
Shares: means the units into which the proprietary interests in a corporation are divided. See Hawaii Revised Statutes 414-3

(1) Must deliver to the corporation before the vote is taken written notice of the shareholder’s intent to demand payment for the shareholder’s shares if the proposed action is effectuated; and

(2) Must not vote the shareholder’s shares in favor of the proposed action.

(b) A shareholder who does not satisfy the requirements of subsection (a) is not entitled to payment for the shareholder’s shares under this part.

PROCEDURE FOR EXERCISE OF DISSENTERS' RIGHTS Contents

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Hawaii Revised Statutes 414-352 – Notice of intent to demand payment

Terms Used In Hawaii Revised Statutes 414-352

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