Indiana Code 23-1-44-11. Proposed action creating dissenters’ rights; assertion of dissenters’ rights
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Sec. 11. (a) If proposed corporate action creating dissenters’ rights under section 8 of this chapter is submitted to a vote at a shareholders’ meeting, a shareholder who wishes to assert dissenters’ rights:
(2) must not vote the shareholder’s shares in favor of the proposed action.
(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
Terms Used In Indiana Code 23-1-44-11
- shareholder: means the record shareholder or the beneficial shareholder. See Indiana Code 23-1-44-7
(b) A shareholder who does not satisfy the requirements of subsection (a) is not entitled to payment for the shareholder’s shares under this chapter.
As added by P.L.149-1986, SEC.28.